Call reports 2024
CHELSEA SAVINGS BANK — 2024
What CHELSEA SAVINGS 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 | 183,505,000 | 188,219,000 | 188,782,000 | 191,268,000 |
| Total loans | 57,230,000 | 60,475,000 | 60,999,000 | 68,280,000 |
| Allowance for loan losses | 602,000 | 598,000 | 598,000 | 598,000 |
| Securities available for sale | 109,254,000 | 109,885,000 | 111,775,000 | 107,937,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 167,143,000 | 171,218,000 | 168,234,000 | 172,625,000 |
| Interest-bearing deposits | 134,680,000 | 137,873,000 | 134,914,000 | 138,192,000 |
| Noninterest-bearing deposits | 32,463,000 | 33,345,000 | 33,320,000 | 34,433,000 |
| Equity capital | 15,423,000 | 15,985,000 | 19,513,000 | 17,024,000 |
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 | 1,964,000 | 3,994,000 | 6,036,000 | 8,236,000 |
| Interest expense | 766,000 | 1,551,000 | 2,363,000 | 3,173,000 |
| Net interest income | 1,198,000 | 2,443,000 | 3,673,000 | 5,063,000 |
| Noninterest income | 77,000 | 139,000 | 233,000 | 347,000 |
| Noninterest expense | 818,000 | 1,623,000 | 2,444,000 | 3,479,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 457,000 | 959,000 | 1,463,000 | 1,932,000 |
| Income tax | 5,000 | 25,000 | 48,000 | 68,000 |
| Net income | 452,000 | 934,000 | 1,415,000 | 1,864,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 29,717,000 | 29,814,000 | 30,163,000 | 30,516,000 |