Call reports 2023
BAY STATE SAVINGS BANK — 2023
What BAY STATE SAVINGS BANK 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 | 534,330,000 | 538,138,000 | 528,299,000 | 520,858,000 |
| Total loans | 439,550,000 | 441,612,000 | 443,325,000 | 442,828,000 |
| Allowance for loan losses | 3,810,000 | 3,943,000 | 3,992,000 | 4,041,000 |
| Securities available for sale | 49,966,000 | 48,912,000 | 46,106,000 | 30,551,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 446,987,000 | 481,831,000 | 473,402,000 | 465,447,000 |
| Interest-bearing deposits | 350,526,000 | 378,436,000 | 374,550,000 | 372,008,000 |
| Noninterest-bearing deposits | 96,461,000 | 103,395,000 | 98,852,000 | 93,439,000 |
| Equity capital | 44,818,000 | 44,731,000 | 42,837,000 | 44,403,000 |
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 | 5,471,000 | 11,349,000 | 17,219,000 | 23,139,000 |
| Interest expense | 1,538,000 | 3,579,000 | 5,905,000 | 8,397,000 |
| Net interest income | 3,933,000 | 7,770,000 | 11,314,000 | 14,742,000 |
| Noninterest income | 298,000 | 663,000 | 988,000 | 2,749,000 |
| Noninterest expense | 3,667,000 | 7,436,000 | 11,453,000 | 15,485,000 |
| Provision for loan losses | 0 | 125,000 | 178,000 | 230,000 |
| Pretax income | 564,000 | 997,000 | 849,000 | -4,040,000 |
| Income tax | 116,000 | 195,000 | 123,000 | -878,000 |
| Net income | 448,000 | 802,000 | 726,000 | -3,162,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 46,801,000 | 47,030,000 | 46,440,000 | 44,094,000 |
| Total capital | 51,296,000 | 51,533,000 | 50,939,000 | 48,590,000 |
| Risk-weighted assets | 387,641,000 | 388,494,000 | 390,321,000 | 376,059,000 |