Call reports 2024
GRANITE BANK — 2024
What GRANITE 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 | 293,716,000 | 292,801,000 | 301,613,000 | 306,496,000 |
| Total loans | 256,786,000 | 254,846,000 | 261,269,000 | 267,222,000 |
| Allowance for loan losses | 1,653,000 | 1,701,000 | 1,698,000 | 1,758,000 |
| Securities available for sale | 18,504,000 | 18,282,000 | 17,580,000 | 16,548,000 |
| Securities held to maturity | 2,758,000 | 2,670,000 | 2,577,000 | 2,496,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 255,394,000 | 251,697,000 | 256,369,000 | 255,122,000 |
| Interest-bearing deposits | 188,922,000 | 184,647,000 | 183,250,000 | 179,396,000 |
| Noninterest-bearing deposits | 66,472,000 | 67,050,000 | 73,119,000 | 75,726,000 |
| Equity capital | 26,339,000 | 26,364,000 | 27,331,000 | 27,402,000 |
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 | 4,286,000 | 8,806,000 | 13,772,000 | 18,891,000 |
| Interest expense | 1,817,000 | 3,797,000 | 5,745,000 | 7,879,000 |
| Net interest income | 2,469,000 | 5,009,000 | 8,027,000 | 11,012,000 |
| Noninterest income | 1,239,000 | 3,988,000 | 8,118,000 | 12,617,000 |
| Noninterest expense | 3,595,000 | 8,333,000 | 13,894,000 | 20,209,000 |
| Provision for loan losses | 45,000 | 90,000 | 135,000 | 195,000 |
| Pretax income | 68,000 | 574,000 | 2,116,000 | 3,225,000 |
| Income tax | 2,000 | 146,000 | 580,000 | 890,000 |
| Net income | 66,000 | 428,000 | 1,536,000 | 2,335,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 23,974,000 | 24,126,000 | 24,808,000 | 25,268,000 |
| Total capital | 25,661,000 | 25,861,000 | 26,539,000 | 27,059,000 |
| Risk-weighted assets | 239,156,000 | 237,048,000 | 243,195,000 | 251,484,000 |