Call reports 2023
WEST GATE BANK — 2023
What WEST GATE 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 | 1,148,135,000 | 1,271,106,000 | 1,241,151,000 | 1,250,982,000 |
| Total loans | 853,308,000 | 880,965,000 | 873,639,000 | 883,332,000 |
| Allowance for loan losses | 8,766,000 | 8,759,000 | 8,759,000 | 9,919,000 |
| Securities available for sale | 144,932,000 | 250,063,000 | 220,225,000 | 234,601,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,016,050,000 | 1,035,159,000 | 1,087,876,000 | 1,093,990,000 |
| Interest-bearing deposits | 759,501,000 | 766,491,000 | 854,183,000 | 860,694,000 |
| Noninterest-bearing deposits | 256,549,000 | 268,668,000 | 233,693,000 | 233,296,000 |
| Equity capital | 122,331,000 | 127,251,000 | 120,970,000 | 131,091,000 |
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 | 11,963,000 | 27,515,000 | 44,841,000 | 62,391,000 |
| Interest expense | 4,079,000 | 10,885,000 | 18,915,000 | 27,234,000 |
| Net interest income | 7,884,000 | 16,630,000 | 25,926,000 | 35,157,000 |
| Noninterest income | 1,760,000 | 6,900,000 | 11,806,000 | 14,299,000 |
| Noninterest expense | 8,275,000 | 17,283,000 | 26,951,000 | 36,774,000 |
| Provision for loan losses | 25,000 | 50,000 | 75,000 | 100,000 |
| Pretax income | 1,344,000 | 6,197,000 | 10,706,000 | 12,582,000 |
| Income tax | 42,000 | 825,000 | 1,602,000 | 1,755,000 |
| Net income | 1,302,000 | 5,372,000 | 9,104,000 | 10,827,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 136,471,000 | 139,353,000 | 143,107,000 | 145,857,000 |