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 | 378,005,000 | 376,244,000 | 376,600,000 | 378,024,000 |
| Total loans | 290,167,000 | 303,395,000 | 301,460,000 | 317,860,000 |
| Allowance for loan losses | 4,215,000 | 4,265,000 | 4,330,000 | 4,692,000 |
| Securities available for sale | 37,397,000 | 34,718,000 | 41,894,000 | 38,245,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 277,071,000 | 281,647,000 | 284,186,000 | 286,541,000 |
| Interest-bearing deposits | 239,565,000 | 242,969,000 | 243,354,000 | 249,915,000 |
| Noninterest-bearing deposits | 37,506,000 | 38,678,000 | 40,832,000 | 36,626,000 |
| Equity capital | 45,239,000 | 43,937,000 | 45,006,000 | 45,256,000 |
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 | 5,201,000 | 10,781,000 | 16,527,000 | 22,062,000 |
| Interest expense | 2,590,000 | 5,304,000 | 8,146,000 | 10,895,000 |
| Net interest income | 2,611,000 | 5,477,000 | 8,381,000 | 11,167,000 |
| Noninterest income | 116,000 | 236,000 | 363,000 | 492,000 |
| Noninterest expense | 1,639,000 | 3,339,000 | 4,987,000 | 6,514,000 |
| Provision for loan losses | -180,000 | -130,000 | -65,000 | 281,000 |
| Pretax income | 1,088,000 | 2,324,000 | 3,662,000 | 4,700,000 |
| Income tax | 206,000 | 440,000 | 712,000 | 911,000 |
| Net income | 882,000 | 1,884,000 | 2,950,000 | 3,789,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 48,385,000 | 47,013,000 | 47,183,000 | 48,078,000 |