Call reports 2024
MODERN BANK, NATIONAL ASSOCIATION — 2024
What MODERN BANK, NATIONAL ASSOCIATION 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 | 964,329,000 | 846,683,000 | 814,193,000 | 778,333,000 |
| Total loans | 652,047,000 | 609,349,000 | 578,851,000 | 534,617,000 |
| Allowance for loan losses | 8,944,000 | 8,889,000 | 8,742,000 | 8,042,000 |
| Securities available for sale | 32,454,000 | 31,359,000 | 30,934,000 | 52,537,000 |
| Securities held to maturity | 53,673,000 | 51,448,000 | 49,345,000 | 47,331,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 801,016,000 | 692,849,000 | 642,061,000 | 614,120,000 |
| Interest-bearing deposits | 739,626,000 | 639,080,000 | 585,216,000 | 553,825,000 |
| Noninterest-bearing deposits | 61,390,000 | 53,769,000 | 56,845,000 | 60,295,000 |
| Equity capital | 86,219,000 | 86,275,000 | 87,487,000 | 87,063,000 |
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 | 16,001,000 | 30,968,000 | 44,327,000 | 56,925,000 |
| Interest expense | 9,848,000 | 19,131,000 | 27,022,000 | 34,245,000 |
| Net interest income | 6,153,000 | 11,837,000 | 17,305,000 | 22,680,000 |
| Noninterest income | 627,000 | 1,051,000 | 1,237,000 | 1,884,000 |
| Noninterest expense | 5,569,000 | 10,574,000 | 15,416,000 | 20,271,000 |
| Provision for loan losses | 266,000 | 211,000 | 118,000 | 105,000 |
| Pretax income | 945,000 | 2,156,000 | 3,055,000 | 4,249,000 |
| Income tax | 257,000 | 587,000 | 831,000 | 1,478,000 |
| Net income | 688,000 | 1,569,000 | 2,224,000 | 2,771,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 84,165,000 | 84,105,000 | 84,805,000 | 85,249,000 |
| Total capital | 93,175,000 | 92,088,000 | 92,260,000 | 92,151,000 |
| Risk-weighted assets | 720,713,000 | 637,565,000 | 594,922,000 | 550,857,000 |
Machine access — free, no API key
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