Call reports 2024
SQUARE FINANCIAL SERVICES, INC. — 2024
What SQUARE FINANCIAL SERVICES, INC. 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 | 737,556,000 | 816,099,000 | 882,090,000 | 931,097,000 |
| Total loans | 309,396,000 | 301,510,000 | 328,902,000 | 440,017,000 |
| Allowance for loan losses | 18,359,000 | 17,008,000 | 18,064,000 | 23,150,000 |
| Securities available for sale | 2,392,000 | 3,323,000 | 3,399,000 | 4,214,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 229,296,000 | 255,933,000 | 291,350,000 | 298,288,000 |
| Interest-bearing deposits | 229,296,000 | 255,933,000 | 291,350,000 | 298,288,000 |
| Noninterest-bearing deposits | 0 | 0 | 0 | 0 |
| Equity capital | 452,257,000 | 501,258,000 | 547,980,000 | 591,690,000 |
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 | 28,338,000 | 57,005,000 | 88,661,000 | 126,967,000 |
| Interest expense | 1,301,000 | 2,702,000 | 4,325,000 | 6,044,000 |
| Net interest income | 27,037,000 | 54,303,000 | 84,336,000 | 120,923,000 |
| Noninterest income | 65,847,000 | 142,270,000 | 211,318,000 | 281,086,000 |
| Noninterest expense | 33,125,000 | 69,563,000 | 104,382,000 | 142,842,000 |
| Provision for loan losses | 5,695,000 | 12,314,000 | 18,445,000 | 29,600,000 |
| Pretax income | 54,064,000 | 114,696,000 | 172,827,000 | 229,572,000 |
| Income tax | 14,056,000 | 30,066,000 | 45,077,000 | 61,628,000 |
| Net income | 40,008,000 | 84,630,000 | 127,750,000 | 167,944,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 452,324,000 | 501,394,000 | 548,021,000 | 591,917,000 |
| Total capital | 456,743,000 | 505,790,000 | 552,628,000 | 598,072,000 |
| Risk-weighted assets | 339,575,000 | 339,070,000 | 355,069,000 | 475,415,000 |