Call reports 2024
SOMERSET REGAL BANK — 2024
What SOMERSET REGAL 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 | 1,051,728,000 | 1,019,726,000 | 1,052,815,000 | 1,063,443,000 |
| Total loans | 703,967,000 | 737,089,000 | 772,792,000 | 780,838,000 |
| Allowance for loan losses | 5,076,000 | 5,229,000 | 5,075,000 | 5,086,000 |
| Securities available for sale | 32,618,000 | 0 | 0 | 0 |
| Securities held to maturity | 161,826,000 | 158,325,000 | 154,725,000 | 150,998,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 840,822,000 | 810,048,000 | 831,434,000 | 831,688,000 |
| Interest-bearing deposits | 717,359,000 | 701,792,000 | 716,908,000 | 729,103,000 |
| Noninterest-bearing deposits | 123,463,000 | 108,256,000 | 114,526,000 | 102,585,000 |
| Equity capital | 197,099,000 | 197,289,000 | 188,956,000 | 188,935,000 |
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 | 11,648,000 | 23,036,000 | 34,504,000 | 46,048,000 |
| Interest expense | 3,380,000 | 6,831,000 | 10,703,000 | 15,009,000 |
| Net interest income | 8,268,000 | 16,205,000 | 23,801,000 | 31,039,000 |
| Noninterest income | 516,000 | 1,077,000 | 1,726,000 | 2,351,000 |
| Noninterest expense | 7,572,000 | 14,170,000 | 20,928,000 | 27,506,000 |
| Provision for loan losses | -142,000 | 11,000 | -143,000 | -132,000 |
| Pretax income | 1,355,000 | -1,344,000 | 257,000 | 1,537,000 |
| Income tax | 292,000 | 625,000 | 988,000 | 1,258,000 |
| Net income | 1,063,000 | -1,969,000 | -731,000 | 279,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 172,863,000 | 170,364,000 | 162,081,000 | 162,809,000 |