Call reports 2024
DRAKE BANK — 2024
What DRAKE 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 | 238,919,000 | 247,408,000 | 261,254,000 | 253,034,000 |
| Total loans | 177,809,000 | 187,867,000 | 195,532,000 | 213,590,000 |
| Allowance for loan losses | 2,736,000 | 2,782,000 | 2,705,000 | 2,728,000 |
| Securities available for sale | 34,927,000 | 34,490,000 | 35,013,000 | 34,225,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 199,877,000 | 208,383,000 | 220,331,000 | 210,287,000 |
| Interest-bearing deposits | 157,500,000 | 163,197,000 | 170,046,000 | 168,406,000 |
| Noninterest-bearing deposits | 42,377,000 | 45,186,000 | 50,285,000 | 41,881,000 |
| Equity capital | 18,467,000 | 18,462,000 | 19,919,000 | 19,872,000 |
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 | 3,736,000 | 7,590,000 | 11,902,000 | 16,181,000 |
| Interest expense | 1,638,000 | 3,269,000 | 5,036,000 | 6,700,000 |
| Net interest income | 2,098,000 | 4,321,000 | 6,866,000 | 9,481,000 |
| Noninterest income | 105,000 | 291,000 | 409,000 | 547,000 |
| Noninterest expense | 1,836,000 | 3,891,000 | 5,754,000 | 7,736,000 |
| Provision for loan losses | 112,000 | 158,000 | 281,000 | 439,000 |
| Pretax income | 252,000 | 556,000 | 1,239,000 | 1,852,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 252,000 | 556,000 | 1,239,000 | 1,852,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 21,902,000 | 21,853,000 | 22,309,000 | 22,596,000 |
| Total capital | — | — | — | 25,237,000 |
| Risk-weighted assets | — | — | — | 211,193,000 |