Call reports 2024
BANK OF SALEM — 2024
What BANK OF SALEM 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 | 142,710,000 | 146,564,000 | 148,448,000 | 148,437,000 |
| Total loans | 98,256,000 | 97,903,000 | 95,446,000 | 93,405,000 |
| Allowance for loan losses | 718,000 | 749,000 | 751,000 | 750,000 |
| Securities available for sale | 32,946,000 | 33,653,000 | 34,286,000 | 34,451,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 124,433,000 | 128,426,000 | 129,712,000 | 134,431,000 |
| Interest-bearing deposits | 98,850,000 | 104,081,000 | 105,477,000 | 111,046,000 |
| Noninterest-bearing deposits | 25,583,000 | 24,345,000 | 24,235,000 | 23,385,000 |
| Equity capital | 9,366,000 | 9,622,000 | 10,622,000 | 10,075,000 |
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 | 1,541,000 | 3,154,000 | 4,855,000 | 6,565,000 |
| Interest expense | 691,000 | 1,414,000 | 2,193,000 | 2,898,000 |
| Net interest income | 850,000 | 1,740,000 | 2,662,000 | 3,667,000 |
| Noninterest income | 157,000 | 299,000 | 442,000 | 580,000 |
| Noninterest expense | 734,000 | 1,481,000 | 2,253,000 | 3,120,000 |
| Provision for loan losses | 6,000 | 0 | 0 | 0 |
| Pretax income | 276,000 | 572,000 | 865,000 | 1,141,000 |
| Income tax | 50,000 | 105,000 | 159,000 | 133,000 |
| Net income | 226,000 | 467,000 | 706,000 | 1,008,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 12,025,000 | 12,266,000 | 12,505,000 | 12,407,000 |
| Total capital | 12,765,000 | 13,033,000 | 13,273,000 | 13,175,000 |
| Risk-weighted assets | 90,965,000 | 89,641,000 | 89,508,000 | 85,840,000 |