Call reports 2024
WESTERN STATE BANK — 2024
What WESTERN STATE BANK reported to the FFIEC in 2024, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Total assets | 725,572,000 | 725,434,000 | 754,876,000 | 766,839,000 |
| Total loans | 477,114,000 | 506,559,000 | 515,391,000 | 537,772,000 |
| Allowance for loan losses | 9,803,000 | 10,221,000 | 10,505,000 | 10,862,000 |
| Securities available for sale | 202,251,000 | 193,787,000 | 194,564,000 | 207,717,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 639,395,000 | 627,581,000 | 678,119,000 | 686,598,000 |
| Interest-bearing deposits | 473,758,000 | 470,241,000 | 517,435,000 | 527,806,000 |
| Noninterest-bearing deposits | 165,637,000 | 157,340,000 | 160,684,000 | 158,792,000 |
| Equity capital | 62,946,000 | 66,895,000 | 71,940,000 | 70,083,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Interest income | 10,769,000 | 22,705,000 | 34,406,000 | 46,355,000 |
| Interest expense | 3,003,000 | 6,166,000 | 9,744,000 | 13,461,000 |
| Net interest income | 7,766,000 | 16,539,000 | 24,662,000 | 32,894,000 |
| Noninterest income | 548,000 | 1,143,000 | 1,832,000 | 2,463,000 |
| Noninterest expense | 3,335,000 | 6,863,000 | 10,506,000 | 14,132,000 |
| Provision for loan losses | 850,000 | 1,150,000 | 1,450,000 | 1,750,000 |
| Pretax income | 3,647,000 | 8,792,000 | 13,492,000 | 18,069,000 |
| Income tax | 122,000 | 319,000 | 463,000 | 642,000 |
| Net income | 3,525,000 | 8,473,000 | 13,029,000 | 17,427,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 74,507,000 | 77,956,000 | 78,838,000 | 80,988,000 |
| Total capital | 82,072,000 | 85,818,000 | 86,209,000 | 88,672,000 |
| Risk-weighted assets | 602,658,000 | 626,357,000 | 586,251,000 | 611,287,000 |