Call reports 2024
SEATTLE BANK — 2024
What SEATTLE 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 | 897,123,000 | 921,700,000 | 953,842,000 | 961,183,000 |
| Total loans | 754,944,000 | 762,758,000 | 757,572,000 | 792,034,000 |
| Allowance for loan losses | 35,123,000 | 33,863,000 | 28,749,000 | 27,381,000 |
| Securities available for sale | 26,249,000 | 26,265,000 | 27,314,000 | 27,346,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 786,156,000 | 813,781,000 | 845,412,000 | 853,801,000 |
| Interest-bearing deposits | 715,774,000 | 754,010,000 | 786,813,000 | 797,385,000 |
| Noninterest-bearing deposits | 70,382,000 | 59,771,000 | 58,599,000 | 56,416,000 |
| Equity capital | 94,846,000 | 94,103,000 | 95,791,000 | 95,040,000 |
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 | 18,563,000 | 37,308,000 | 55,746,000 | 73,710,000 |
| Interest expense | 7,279,000 | 15,078,000 | 23,546,000 | 32,238,000 |
| Net interest income | 11,284,000 | 22,230,000 | 32,200,000 | 41,472,000 |
| Noninterest income | -180,000 | 537,000 | 267,000 | 110,000 |
| Noninterest expense | 8,183,000 | 14,907,000 | 22,088,000 | 28,159,000 |
| Provision for loan losses | 2,034,000 | 5,874,000 | 7,207,000 | 9,654,000 |
| Pretax income | 876,000 | 2,093,000 | 3,197,000 | 3,708,000 |
| Income tax | 233,000 | 529,000 | 796,000 | 366,000 |
| Net income | 643,000 | 1,564,000 | 2,401,000 | 3,342,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 102,413,000 | 101,334,000 | 102,171,000 | 101,212,000 |
| Total capital | 110,043,000 | 109,252,000 | 110,498,000 | 110,156,000 |
| Risk-weighted assets | 587,218,000 | 611,861,000 | 649,970,000 | 701,251,000 |