Call reports 2024
OPEN BANK — 2024
What OPEN 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 | 2,234,400,000 | 2,290,468,000 | 2,387,601,000 | 2,365,822,000 |
| Total loans | 1,821,062,000 | 1,876,591,000 | 1,939,167,000 | 1,961,433,000 |
| Allowance for loan losses | 22,129,000 | 22,760,000 | 22,960,000 | 24,796,000 |
| Securities available for sale | 187,225,000 | 199,205,000 | 199,373,000 | 185,909,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,896,319,000 | 1,940,981,000 | 2,066,214,000 | 2,028,748,000 |
| Interest-bearing deposits | 1,354,897,000 | 1,420,513,000 | 1,501,489,000 | 1,520,874,000 |
| Noninterest-bearing deposits | 541,422,000 | 520,468,000 | 564,725,000 | 507,874,000 |
| Equity capital | 193,591,000 | 195,609,000 | 201,688,000 | 203,278,000 |
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 | 32,913,000 | 67,270,000 | 102,569,000 | 137,621,000 |
| Interest expense | 16,934,000 | 35,097,000 | 53,890,000 | 72,013,000 |
| Net interest income | 15,979,000 | 32,173,000 | 48,679,000 | 65,608,000 |
| Noninterest income | 3,623,000 | 7,820,000 | 11,934,000 | 16,460,000 |
| Noninterest expense | 11,940,000 | 23,856,000 | 36,316,000 | 49,174,000 |
| Provision for loan losses | 193,000 | 820,000 | 1,054,000 | 2,913,000 |
| Pretax income | 7,480,000 | 15,324,000 | 23,162,000 | 30,104,000 |
| Income tax | 2,101,000 | 4,317,000 | 6,536,000 | 8,305,000 |
| Net income | 5,379,000 | 11,007,000 | 16,626,000 | 21,799,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 210,557,000 | 213,031,000 | 215,208,000 | 218,675,000 |
| Total capital | 231,996,000 | 235,239,000 | 238,097,000 | 242,967,000 |
| Risk-weighted assets | 1,715,066,000 | 1,776,608,000 | 1,876,347,000 | 1,943,359,000 |