Call reports 2024
M1 BANK — 2024
What M1 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 | 1,113,871,000 | 1,154,107,000 | 1,131,972,000 | 1,164,842,000 |
| Total loans | 914,401,000 | 983,199,000 | 951,988,000 | 971,604,000 |
| Allowance for loan losses | 7,384,000 | 7,881,000 | 7,882,000 | 12,774,000 |
| Securities available for sale | 34,532,000 | 33,916,000 | 34,352,000 | 32,445,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,003,332,000 | 990,564,000 | 1,018,784,000 | 1,041,495,000 |
| Interest-bearing deposits | 931,001,000 | 946,987,000 | 966,595,000 | 986,265,000 |
| Noninterest-bearing deposits | 72,331,000 | 43,577,000 | 52,189,000 | 55,230,000 |
| Equity capital | 97,143,000 | 100,839,000 | 101,676,000 | 110,597,000 |
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 | 23,260,000 | 44,726,000 | 66,689,000 | 87,654,000 |
| Interest expense | 10,390,000 | 22,085,000 | 33,516,000 | 44,795,000 |
| Net interest income | 12,870,000 | 22,641,000 | 33,173,000 | 42,859,000 |
| Noninterest income | 14,000 | 30,000 | -44,000 | -37,000 |
| Noninterest expense | 2,930,000 | 6,108,000 | 10,250,000 | 17,079,000 |
| Provision for loan losses | 804,000 | 1,305,000 | 1,305,000 | 6,195,000 |
| Pretax income | 9,313,000 | 15,581,000 | 21,810,000 | 19,826,000 |
| Income tax | 2,098,000 | 3,457,000 | 4,792,000 | 4,369,000 |
| Net income | 7,215,000 | 12,124,000 | 17,018,000 | 15,457,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 101,901,000 | 105,410,000 | 105,305,000 | 115,243,000 |