Call reports 2023
WESTMORELAND FEDERAL SAVINGS AND LOAN ASSOCIATION OF LATROBE — 2023
What WESTMORELAND FEDERAL SAVINGS AND LOAN ASSOCIATION OF LATROBE reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Total assets | 167,500,000 | 166,156,000 | 164,332,000 | 165,523,000 |
| Total loans | 74,491,000 | 73,523,000 | 73,557,000 | 73,689,000 |
| Allowance for loan losses | 417,000 | 417,000 | 417,000 | 417,000 |
| Securities available for sale | 3,455,000 | 3,152,000 | 2,882,000 | 2,815,000 |
| Securities held to maturity | 65,518,000 | 70,393,000 | 69,892,000 | 68,785,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 124,501,000 | 122,995,000 | 120,963,000 | 121,782,000 |
| Interest-bearing deposits | 121,110,000 | 120,282,000 | 119,082,000 | 119,702,000 |
| Noninterest-bearing deposits | 3,391,000 | 2,713,000 | 1,881,000 | 2,080,000 |
| Equity capital | 42,967,000 | 43,109,000 | 43,244,000 | 43,519,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Interest income | 1,301,000 | 2,647,000 | 4,053,000 | 5,505,000 |
| Interest expense | 293,000 | 714,000 | 1,242,000 | 1,819,000 |
| Net interest income | 1,008,000 | 1,933,000 | 2,811,000 | 3,686,000 |
| Noninterest income | 4,000 | 9,000 | 14,000 | 18,000 |
| Noninterest expense | 658,000 | 1,325,000 | 1,990,000 | 2,665,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 347,000 | 612,000 | 845,000 | 1,072,000 |
| Income tax | 86,000 | 152,000 | 206,000 | 258,000 |
| Net income | 261,000 | 460,000 | 639,000 | 814,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 43,074,000 | 43,274,000 | 43,451,000 | 43,627,000 |