Call reports 2024
GENERATIONS BANK — 2024
What GENERATIONS 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 | 52,419,000 | 51,945,000 | 53,599,000 | 56,302,000 |
| Total loans | 35,594,000 | 37,198,000 | 38,638,000 | 39,702,000 |
| Allowance for loan losses | 557,000 | 560,000 | 567,000 | 576,000 |
| Securities available for sale | 11,718,000 | 11,332,000 | 11,633,000 | 10,720,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 44,566,000 | 43,396,000 | 41,934,000 | 45,358,000 |
| Interest-bearing deposits | 32,484,000 | 34,855,000 | 33,794,000 | 35,073,000 |
| Noninterest-bearing deposits | 12,082,000 | 8,541,000 | 8,140,000 | 10,285,000 |
| Equity capital | 4,241,000 | 4,372,000 | 4,739,000 | 4,474,000 |
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 | 737,000 | 1,470,000 | 2,256,000 | 3,016,000 |
| Interest expense | 278,000 | 554,000 | 858,000 | 1,192,000 |
| Net interest income | 459,000 | 916,000 | 1,398,000 | 1,824,000 |
| Noninterest income | 63,000 | 112,000 | 195,000 | 238,000 |
| Noninterest expense | 373,000 | 712,000 | 1,061,000 | 1,435,000 |
| Provision for loan losses | 3,000 | 6,000 | 103,000 | 152,000 |
| Pretax income | 146,000 | 310,000 | 429,000 | 475,000 |
| Income tax | 30,000 | 63,000 | 81,000 | 104,000 |
| Net income | 116,000 | 247,000 | 348,000 | 371,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 4,624,000 | 4,755,000 | 4,856,000 | 4,764,000 |