Call reports 2024
SARATOGA NATIONAL BANK AND TRUST COMPANY — 2024
What SARATOGA NATIONAL BANK AND TRUST COMPANY reported to the FFIEC in 2024, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2024Q1 | 2024Q2 | 2024Q3 |
|---|---|---|---|
| Total assets | 1,092,973,000 | 1,110,312,000 | 1,155,008,000 |
| Total loans | 881,800,000 | 929,419,000 | 973,888,000 |
| Allowance for loan losses | 10,012,000 | 9,591,000 | 10,052,000 |
| Securities available for sale | 136,520,000 | 109,484,000 | 105,266,000 |
| Securities held to maturity | 16,827,000 | 8,198,000 | 12,548,000 |
| Trading assets | 0 | 0 | 0 |
| Total deposits | 738,618,000 | 740,561,000 | 719,801,000 |
| Interest-bearing deposits | 587,026,000 | 577,269,000 | 559,845,000 |
| Noninterest-bearing deposits | 151,592,000 | 163,292,000 | 159,956,000 |
| Equity capital | 93,449,000 | 96,126,000 | 101,030,000 |
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 |
|---|---|---|---|
| Interest income | 12,497,000 | 25,775,000 | 39,807,000 |
| Interest expense | 6,961,000 | 14,366,000 | 21,988,000 |
| Net interest income | 5,536,000 | 11,409,000 | 17,819,000 |
| Noninterest income | 1,454,000 | 2,834,000 | 3,883,000 |
| Noninterest expense | 3,587,000 | 7,539,000 | 11,235,000 |
| Provision for loan losses | 836,000 | 1,223,000 | 1,756,000 |
| Pretax income | 2,567,000 | 5,759,000 | 8,874,000 |
| Income tax | 612,000 | 1,356,000 | 2,084,000 |
| Net income | 1,955,000 | 4,403,000 | 6,790,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 |
|---|---|---|---|
| Tier 1 capital | 102,414,000 | 104,869,000 | 107,265,000 |
| Total capital | 112,769,000 | 114,952,000 | 117,924,000 |
| Risk-weighted assets | 828,223,000 | 858,652,000 | 890,539,000 |