Call reports 2023
GATES BANKING AND TRUST COMPANY — 2023
What GATES BANKING AND TRUST COMPANY reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 |
|---|---|---|
| Total assets | 48,682,000 | 41,198,000 |
| Total loans | 14,579,000 | 13,362,000 |
| Allowance for loan losses | 306,000 | 306,000 |
| Securities available for sale | 25,715,000 | 23,551,000 |
| Securities held to maturity | 0 | 0 |
| Trading assets | 0 | 0 |
| Total deposits | 43,755,000 | 36,356,000 |
| Interest-bearing deposits | 36,711,000 | 29,504,000 |
| Noninterest-bearing deposits | 7,044,000 | 6,852,000 |
| Equity capital | 4,377,000 | 4,349,000 |
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 |
|---|---|---|
| Interest income | 349,000 | 700,000 |
| Interest expense | 114,000 | 257,000 |
| Net interest income | 235,000 | 443,000 |
| Noninterest income | 16,000 | 34,000 |
| Noninterest expense | 227,000 | 450,000 |
| Provision for loan losses | 0 | 0 |
| Pretax income | 45,000 | 38,000 |
| Income tax | 5,000 | -16,000 |
| Net income | 40,000 | 54,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 |
|---|---|---|
| Tier 1 capital | 5,606,000 | 5,619,000 |
| Total capital | 5,912,000 | 5,925,000 |
| Risk-weighted assets | 29,251,000 | 26,571,000 |