Call reports 2023
REDWOOD CAPITAL BANK — 2023
What REDWOOD CAPITAL 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 | 515,009,000 | 529,955,000 | 516,614,000 | 521,363,000 |
| Total loans | 379,755,000 | 384,968,000 | 386,523,000 | 388,423,000 |
| Allowance for loan losses | 6,022,000 | 6,042,000 | 6,052,000 | 6,122,000 |
| Securities available for sale | 75,219,000 | 73,082,000 | 70,563,000 | 74,482,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 459,249,000 | 473,839,000 | 459,468,000 | 460,487,000 |
| Interest-bearing deposits | 317,973,000 | 327,498,000 | 309,395,000 | 325,107,000 |
| Noninterest-bearing deposits | 141,276,000 | 146,341,000 | 150,073,000 | 135,380,000 |
| Equity capital | 52,110,000 | 52,123,000 | 52,824,000 | 56,674,000 |
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 | 5,159,000 | 10,340,000 | 15,908,000 | 21,642,000 |
| Interest expense | 174,000 | 533,000 | 961,000 | 1,525,000 |
| Net interest income | 4,985,000 | 9,807,000 | 14,947,000 | 20,117,000 |
| Noninterest income | 1,121,000 | 2,279,000 | 3,474,000 | 4,187,000 |
| Noninterest expense | 3,265,000 | 6,530,000 | 9,825,000 | 13,179,000 |
| Provision for loan losses | 35,000 | 51,000 | 58,000 | 58,000 |
| Pretax income | 2,806,000 | 5,505,000 | 8,538,000 | 11,067,000 |
| Income tax | 761,000 | 1,526,000 | 2,390,000 | 3,107,000 |
| Net income | 2,045,000 | 3,979,000 | 6,148,000 | 7,960,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 58,948,000 | 59,302,000 | 61,471,000 | 62,983,000 |
| Total capital | 63,843,000 | 64,379,000 | 66,456,000 | 68,096,000 |
| Risk-weighted assets | 390,340,000 | 405,105,000 | 397,565,000 | 407,889,000 |