Call reports 2024
MIDWEST BANK — 2024
What MIDWEST 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 | 1,049,632,000 | 1,078,756,000 | 1,143,063,000 | 1,167,428,000 |
| Total loans | 778,892,000 | 811,242,000 | 815,727,000 | 878,264,000 |
| Allowance for loan losses | 10,739,000 | 11,038,000 | 11,333,000 | 11,691,000 |
| Securities available for sale | 204,531,000 | 201,731,000 | 202,312,000 | 195,683,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 892,539,000 | 904,650,000 | 959,715,000 | 936,877,000 |
| Interest-bearing deposits | 767,078,000 | 780,967,000 | 826,197,000 | 810,708,000 |
| Noninterest-bearing deposits | 125,461,000 | 123,683,000 | 133,518,000 | 126,169,000 |
| Equity capital | 85,645,000 | 87,078,000 | 92,560,000 | 91,921,000 |
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 | 13,990,000 | 28,613,000 | 43,865,000 | 59,115,000 |
| Interest expense | 6,683,000 | 13,877,000 | 21,427,000 | 28,543,000 |
| Net interest income | 7,307,000 | 14,736,000 | 22,438,000 | 30,572,000 |
| Noninterest income | 1,086,000 | 2,235,000 | 3,853,000 | 5,403,000 |
| Noninterest expense | 6,584,000 | 13,044,000 | 19,492,000 | 26,157,000 |
| Provision for loan losses | 0 | 334,000 | 634,000 | 999,000 |
| Pretax income | 1,613,000 | 3,431,000 | 5,997,000 | 8,616,000 |
| Income tax | 278,000 | 607,000 | 1,112,000 | 1,740,000 |
| Net income | 1,335,000 | 2,824,000 | 4,885,000 | 6,876,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 101,071,000 | 102,560,000 | 104,622,000 | 106,612,000 |
| Total capital | 111,962,000 | 113,751,000 | 115,980,000 | 118,495,000 |
| Risk-weighted assets | 881,460,000 | 905,755,000 | 908,548,000 | 975,695,000 |