Call reports 2024
SOUND COMMUNITY BANK — 2024
What SOUND COMMUNITY 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 | 1,086,876,000 | 1,075,019,000 | 1,101,050,000 | 993,750,000 |
| Total loans | 898,228,000 | 889,531,000 | 901,798,000 | 900,658,000 |
| Allowance for loan losses | 8,598,000 | 8,493,000 | 8,584,000 | 8,499,000 |
| Securities available for sale | 8,115,000 | 7,997,000 | 8,032,000 | 7,790,000 |
| Securities held to maturity | 2,157,000 | 2,147,000 | 2,139,000 | 2,131,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 922,758,000 | 910,613,000 | 934,997,000 | 841,803,000 |
| Interest-bearing deposits | 788,886,000 | 782,701,000 | 801,485,000 | 706,394,000 |
| Noninterest-bearing deposits | 133,872,000 | 127,912,000 | 133,512,000 | 135,409,000 |
| Equity capital | 111,239,000 | 112,447,000 | 113,217,000 | 114,534,000 |
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 | 13,804,000 | 27,880,000 | 42,754,000 | 57,527,000 |
| Interest expense | 6,131,000 | 12,556,000 | 19,353,000 | 25,702,000 |
| Net interest income | 7,673,000 | 15,324,000 | 23,401,000 | 31,825,000 |
| Noninterest income | 1,052,000 | 2,196,000 | 3,395,000 | 4,519,000 |
| Noninterest expense | 7,350,000 | 14,750,000 | 22,108,000 | 28,993,000 |
| Provision for loan losses | -106,000 | -194,000 | -88,000 | -160,000 |
| Pretax income | 1,408,000 | 2,912,000 | 4,822,000 | 7,470,000 |
| Income tax | 366,000 | 760,000 | 1,231,000 | 1,689,000 |
| Net income | 1,042,000 | 2,152,000 | 3,591,000 | 5,781,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 112,058,000 | 113,273,000 | 113,923,000 | 115,376,000 |