Call reports 2024
NORTH SALEM STATE BANK, THE — 2024
What NORTH SALEM STATE BANK, THE 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 | 642,819,000 | 650,068,000 | 645,733,000 | 654,112,000 |
| Total loans | 513,050,000 | 525,927,000 | 531,205,000 | 546,056,000 |
| Allowance for loan losses | 8,956,000 | 9,066,000 | 9,213,000 | 9,339,000 |
| Securities available for sale | 48,215,000 | 47,416,000 | 44,767,000 | 48,382,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 575,618,000 | 581,878,000 | 574,957,000 | 582,332,000 |
| Interest-bearing deposits | 432,029,000 | 442,167,000 | 424,589,000 | 440,092,000 |
| Noninterest-bearing deposits | 143,589,000 | 139,711,000 | 150,368,000 | 142,240,000 |
| Equity capital | 51,177,000 | 52,553,000 | 52,929,000 | 54,485,000 |
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 | 9,035,000 | 18,509,000 | 28,305,000 | 38,230,000 |
| Interest expense | 2,960,000 | 6,219,000 | 9,573,000 | 12,807,000 |
| Net interest income | 6,075,000 | 12,290,000 | 18,732,000 | 25,423,000 |
| Noninterest income | 981,000 | 1,763,000 | 2,744,000 | 3,851,000 |
| Noninterest expense | 3,889,000 | 7,891,000 | 11,957,000 | 16,666,000 |
| Provision for loan losses | 161,000 | 293,000 | 445,000 | 609,000 |
| Pretax income | 3,014,000 | 5,856,000 | 9,060,000 | 11,996,000 |
| Income tax | 635,000 | 1,224,000 | 1,904,000 | 2,517,000 |
| Net income | 2,379,000 | 4,632,000 | 7,156,000 | 9,479,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 54,811,000 | 56,079,000 | 55,401,000 | 57,674,000 |
| Total capital | 61,356,000 | 62,753,000 | 62,112,000 | 64,497,000 |
| Risk-weighted assets | 521,045,000 | 531,358,000 | 534,213,000 | 543,136,000 |
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