Call reports 2023
TOWER COMMUNITY BANK — 2023
What TOWER COMMUNITY 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 | 395,591,000 | 393,222,000 | 377,390,000 | 393,439,000 |
| Total loans | 312,799,000 | 308,796,000 | 303,764,000 | 313,734,000 |
| Allowance for loan losses | 2,499,000 | 2,600,000 | 2,391,000 | 2,591,000 |
| Securities available for sale | 44,119,000 | 40,249,000 | 31,307,000 | 29,775,000 |
| Securities held to maturity | 35,000 | 28,000 | 23,000 | 17,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 339,064,000 | 336,487,000 | 320,473,000 | 335,245,000 |
| Interest-bearing deposits | 278,450,000 | 275,518,000 | 261,597,000 | 278,506,000 |
| Noninterest-bearing deposits | 60,614,000 | 60,969,000 | 58,876,000 | 56,739,000 |
| Equity capital | 33,735,000 | 34,212,000 | 33,858,000 | 34,609,000 |
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 | 5,305,000 | 10,902,000 | 16,420,000 | 22,279,000 |
| Interest expense | 1,170,000 | 2,838,000 | 4,624,000 | 6,680,000 |
| Net interest income | 4,135,000 | 8,064,000 | 11,796,000 | 15,599,000 |
| Noninterest income | 867,000 | 1,753,000 | 2,686,000 | 3,515,000 |
| Noninterest expense | 3,753,000 | 7,431,000 | 10,955,000 | 14,602,000 |
| Provision for loan losses | 99,000 | 198,000 | 582,000 | 780,000 |
| Pretax income | 1,150,000 | 2,188,000 | 2,945,000 | 3,732,000 |
| Income tax | 325,000 | 614,000 | 849,000 | 975,000 |
| Net income | 804,000 | 1,544,000 | 2,047,000 | 2,698,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 33,996,000 | 34,751,000 | 33,923,000 | 33,935,000 |
| Total capital | — | — | 36,314,000 | 36,527,000 |
| Risk-weighted assets | — | — | 287,720,000 | 302,553,000 |