Call reports 2024
PROVIDENCE BANK — 2024
What PROVIDENCE 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 | 1,016,197,000 | 1,260,478,000 | 1,284,883,000 | 1,317,140,000 |
| Total loans | 860,294,000 | 1,064,919,000 | 1,086,388,000 | 1,129,337,000 |
| Allowance for loan losses | 6,915,000 | 9,766,000 | 9,929,000 | 10,205,000 |
| Securities available for sale | 91,238,000 | 110,417,000 | 110,534,000 | 114,048,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 822,000,000 | 1,059,919,000 | 1,090,333,000 | 1,118,278,000 |
| Interest-bearing deposits | 699,127,000 | 870,809,000 | 895,042,000 | 946,826,000 |
| Noninterest-bearing deposits | 122,873,000 | 189,110,000 | 195,291,000 | 171,452,000 |
| Equity capital | 118,775,000 | 147,505,000 | 155,655,000 | 158,930,000 |
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 | 15,640,000 | 35,674,000 | 56,662,000 | 77,804,000 |
| Interest expense | 7,482,000 | 15,980,000 | 25,052,000 | 34,178,000 |
| Net interest income | 8,158,000 | 19,694,000 | 31,610,000 | 43,626,000 |
| Noninterest income | 331,000 | 816,000 | 1,306,000 | 1,722,000 |
| Noninterest expense | 3,529,000 | 9,233,000 | 14,769,000 | 19,822,000 |
| Provision for loan losses | 172,000 | 1,512,000 | 1,675,000 | 1,954,000 |
| Pretax income | 4,810,000 | 9,705,000 | 16,458,000 | 23,597,000 |
| Income tax | 1,098,000 | 2,200,000 | 3,660,000 | 5,156,000 |
| Net income | 3,712,000 | 7,505,000 | 12,798,000 | 18,441,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 124,319,000 | 138,945,000 | 144,675,000 | 153,333,000 |
| Total capital | 131,685,000 | 149,244,000 | 155,091,000 | 163,986,000 |
| Risk-weighted assets | 943,534,000 | 1,146,916,000 | 1,152,698,000 | 1,191,839,000 |