Call reports 2024
SPRING BANK — 2024
What SPRING 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 | 428,482,000 | 452,139,000 | 459,822,000 | 472,149,000 |
| Total loans | 267,353,000 | 274,369,000 | 292,482,000 | 308,271,000 |
| Allowance for loan losses | 3,399,000 | 3,434,000 | 3,590,000 | 3,606,000 |
| Securities available for sale | 106,446,000 | 106,840,000 | 108,237,000 | 102,648,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 323,867,000 | 347,007,000 | 351,036,000 | 374,851,000 |
| Interest-bearing deposits | 229,304,000 | 265,600,000 | 261,958,000 | 284,037,000 |
| Noninterest-bearing deposits | 94,563,000 | 81,407,000 | 89,078,000 | 90,814,000 |
| Equity capital | 74,989,000 | 75,230,000 | 78,594,000 | 78,813,000 |
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 | 7,294,000 | 14,404,000 | 22,528,000 | 30,448,000 |
| Interest expense | 2,463,000 | 5,105,000 | 8,136,000 | 11,107,000 |
| Net interest income | 4,831,000 | 9,299,000 | 14,392,000 | 19,341,000 |
| Noninterest income | 87,000 | 214,000 | 440,000 | 1,052,000 |
| Noninterest expense | 2,351,000 | 4,751,000 | 7,226,000 | 9,734,000 |
| Provision for loan losses | 125,000 | 176,000 | 387,000 | 447,000 |
| Pretax income | 2,442,000 | 4,586,000 | 7,219,000 | 10,204,000 |
| Income tax | 600,000 | 1,191,000 | 1,875,000 | 2,491,000 |
| Net income | 1,842,000 | 3,395,000 | 5,344,000 | 7,713,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 81,342,000 | 81,964,000 | 82,717,000 | 85,091,000 |
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