Call reports 2024
TOWN CENTER BANK — 2024
What TOWN CENTER 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 | 142,446,000 | 153,729,000 | 164,181,000 | 165,301,000 |
| Total loans | 112,539,000 | 119,473,000 | 117,589,000 | 118,072,000 |
| Allowance for loan losses | 1,346,000 | 1,383,000 | 1,443,000 | 1,432,000 |
| Securities available for sale | 13,022,000 | 12,728,000 | 15,802,000 | 21,291,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 104,167,000 | 115,029,000 | 124,187,000 | 124,897,000 |
| Interest-bearing deposits | 73,711,000 | 82,795,000 | 90,153,000 | 94,715,000 |
| Noninterest-bearing deposits | 30,456,000 | 32,234,000 | 34,034,000 | 30,182,000 |
| Equity capital | 17,282,000 | 17,713,000 | 18,331,000 | 18,634,000 |
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 | 2,192,000 | 4,513,000 | 7,064,000 | 9,623,000 |
| Interest expense | 634,000 | 1,320,000 | 2,172,000 | 3,065,000 |
| Net interest income | 1,558,000 | 3,193,000 | 4,892,000 | 6,558,000 |
| Noninterest income | 165,000 | 214,000 | 261,000 | 309,000 |
| Noninterest expense | 1,202,000 | 2,353,000 | 3,527,000 | 4,637,000 |
| Provision for loan losses | 37,000 | 55,000 | 73,000 | 79,000 |
| Pretax income | 484,000 | 999,000 | 1,553,000 | 2,151,000 |
| Income tax | 146,000 | 300,000 | 466,000 | 645,000 |
| Net income | 338,000 | 699,000 | 1,087,000 | 1,506,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 16,439,000 | 16,935,000 | 17,406,000 | 17,949,000 |
| Total capital | 17,785,000 | 18,318,000 | 18,849,000 | 19,381,000 |
| Risk-weighted assets | 127,138,000 | 134,112,000 | 132,230,000 | 133,322,000 |
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