Call reports 2024
BEDFORD FEDERAL SAVINGS BANK — 2024
What BEDFORD FEDERAL SAVINGS 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 | 217,418,000 | 235,106,000 | 239,493,000 | 256,513,000 |
| Total loans | 172,749,000 | 177,748,000 | 192,185,000 | 204,833,000 |
| Allowance for loan losses | 1,551,000 | 1,616,000 | 1,735,000 | 1,829,000 |
| Securities available for sale | 7,570,000 | 7,183,000 | 7,274,000 | 6,801,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 185,400,000 | 202,143,000 | 204,372,000 | 221,175,000 |
| Interest-bearing deposits | 145,876,000 | 164,562,000 | 166,403,000 | 182,082,000 |
| Noninterest-bearing deposits | 39,524,000 | 37,581,000 | 37,969,000 | 39,093,000 |
| Equity capital | 22,209,000 | 22,948,000 | 23,693,000 | 24,266,000 |
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 | 2,886,000 | 6,136,000 | 9,613,000 | 13,418,000 |
| Interest expense | 1,011,000 | 2,210,000 | 3,513,000 | 5,023,000 |
| Net interest income | 1,875,000 | 3,926,000 | 6,100,000 | 8,395,000 |
| Noninterest income | 371,000 | 844,000 | 1,012,000 | 1,506,000 |
| Noninterest expense | 1,449,000 | 2,886,000 | 4,440,000 | 5,976,000 |
| Provision for loan losses | 75,000 | 124,000 | 246,000 | 513,000 |
| Pretax income | 725,000 | 1,758,000 | 2,411,000 | 3,398,000 |
| Income tax | 175,000 | 437,000 | 598,000 | 846,000 |
| Net income | 550,000 | 1,321,000 | 1,813,000 | 2,552,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 23,064,000 | 23,837,000 | 24,328,000 | 25,068,000 |