Call reports 2024
FIRST RESOURCE BANK — 2024
What FIRST RESOURCE 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 | 560,224,000 | 608,747,000 | 641,210,000 | 660,735,000 |
| Total loans | 491,160,000 | 527,651,000 | 544,053,000 | 562,990,000 |
| Allowance for loan losses | 5,421,000 | 5,731,000 | 5,927,000 | 6,294,000 |
| Securities available for sale | 31,533,000 | 33,318,000 | 38,414,000 | 38,642,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 451,021,000 | 468,642,000 | 512,094,000 | 529,472,000 |
| Interest-bearing deposits | 359,160,000 | 382,531,000 | 413,161,000 | 434,600,000 |
| Noninterest-bearing deposits | 91,861,000 | 86,111,000 | 98,933,000 | 94,872,000 |
| Equity capital | 51,741,000 | 52,810,000 | 56,060,000 | 58,819,000 |
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 | 6,869,000 | 14,269,000 | 22,689,000 | 31,542,000 |
| Interest expense | 3,050,000 | 6,274,000 | 10,145,000 | 13,897,000 |
| Net interest income | 3,819,000 | 7,995,000 | 12,544,000 | 17,645,000 |
| Noninterest income | 352,000 | 614,000 | 854,000 | 1,303,000 |
| Noninterest expense | 2,683,000 | 5,482,000 | 8,490,000 | 11,889,000 |
| Provision for loan losses | 85,000 | 400,000 | 600,000 | 975,000 |
| Pretax income | 1,388,000 | 2,727,000 | 4,308,000 | 6,059,000 |
| Income tax | 400,000 | 697,000 | 1,071,000 | 1,530,000 |
| Net income | 988,000 | 2,030,000 | 3,237,000 | 4,529,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 46,531,000 | 47,433,000 | 51,418,000 | 53,527,000 |
| Total capital | 51,793,000 | 53,140,000 | 57,311,000 | 59,607,000 |
| Risk-weighted assets | 420,749,000 | 456,560,000 | 471,397,000 | 486,125,000 |