Call reports 2024
WELLWORTH BANK — 2024
What WELLWORTH 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 | 1,573,074,000 | 1,602,764,000 | 1,659,215,000 | 1,667,933,000 |
| Total loans | 1,074,734,000 | 1,099,763,000 | 1,139,570,000 | 1,165,852,000 |
| Allowance for loan losses | 11,662,000 | 12,057,000 | 12,299,000 | 12,749,000 |
| Securities available for sale | 376,795,000 | 384,734,000 | 402,701,000 | 386,458,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,372,621,000 | 1,360,210,000 | 1,363,200,000 | 1,373,763,000 |
| Interest-bearing deposits | 1,135,292,000 | 1,121,558,000 | 1,128,050,000 | 1,151,052,000 |
| Noninterest-bearing deposits | 237,329,000 | 238,652,000 | 235,150,000 | 222,711,000 |
| Equity capital | 140,366,000 | 143,357,000 | 153,955,000 | 149,255,000 |
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 | 19,456,000 | 40,326,000 | 62,006,000 | 84,887,000 |
| Interest expense | 8,177,000 | 16,840,000 | 26,140,000 | 35,635,000 |
| Net interest income | 11,279,000 | 23,486,000 | 35,866,000 | 49,252,000 |
| Noninterest income | 2,478,000 | 5,010,000 | 7,448,000 | 10,023,000 |
| Noninterest expense | 9,064,000 | 17,869,000 | 27,077,000 | 36,641,000 |
| Provision for loan losses | 336,000 | 816,000 | 1,261,000 | 1,811,000 |
| Pretax income | 4,218,000 | 9,672,000 | 14,989,000 | 20,828,000 |
| Income tax | 881,000 | 2,065,000 | 3,207,000 | 4,064,000 |
| Net income | 3,337,000 | 7,607,000 | 11,782,000 | 16,764,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 151,461,000 | 153,804,000 | 156,052,000 | 159,094,000 |
| Total capital | 164,371,000 | 167,110,000 | 169,455,000 | 172,947,000 |
| Risk-weighted assets | 1,136,442,000 | 1,161,817,000 | 1,187,305,000 | 1,206,320,000 |