Call reports 2024
WASHINGTON BUSINESS BANK — 2024
What WASHINGTON BUSINESS 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 |
|---|---|---|---|
| Total assets | 105,004,000 | 101,580,000 | 93,171,000 |
| Total loans | 91,071,000 | 89,724,000 | 81,261,000 |
| Allowance for loan losses | 688,000 | 707,000 | 582,000 |
| Securities available for sale | 20,000 | 14,000 | 13,000 |
| Securities held to maturity | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 |
| Total deposits | 82,467,000 | 77,594,000 | 67,719,000 |
| Interest-bearing deposits | 57,647,000 | 55,618,000 | 44,245,000 |
| Noninterest-bearing deposits | 24,820,000 | 21,976,000 | 23,474,000 |
| Equity capital | 16,019,000 | 16,623,000 | 17,131,000 |
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 | 1,661,000 | 3,335,000 | 4,908,000 |
| Interest expense | 472,000 | 961,000 | 1,411,000 |
| Net interest income | 1,189,000 | 2,374,000 | 3,497,000 |
| Noninterest income | 30,000 | 60,000 | 88,000 |
| Noninterest expense | 821,000 | 1,538,000 | 2,206,000 |
| Provision for loan losses | 3,000 | 21,000 | -104,000 |
| Pretax income | 395,000 | 836,000 | 1,449,000 |
| Income tax | 83,000 | 176,000 | 304,000 |
| Net income | 312,000 | 660,000 | 1,145,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 |
|---|---|---|---|
| Tier 1 capital | 16,019,000 | 16,623,000 | 17,131,000 |
| Total capital | 16,731,000 | 17,400,000 | 17,777,000 |
| Risk-weighted assets | 83,468,000 | 84,102,000 | 74,830,000 |