Call reports 2024
ELEVATE BANK, NATIONAL ASSOCIATION — 2024
What ELEVATE BANK, NATIONAL ASSOCIATION 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 | 54,045,000 | 54,383,000 | 52,898,000 | 54,993,000 |
| Total loans | 24,918,000 | 27,943,000 | 29,208,000 | 30,382,000 |
| Allowance for loan losses | 401,000 | 401,000 | 409,000 | 417,000 |
| Securities available for sale | 11,043,000 | 10,810,000 | 8,672,000 | 9,399,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 46,881,000 | 47,146,000 | 45,240,000 | 47,505,000 |
| Interest-bearing deposits | 26,589,000 | 27,593,000 | 26,243,000 | 27,607,000 |
| Noninterest-bearing deposits | 20,292,000 | 19,553,000 | 18,997,000 | 19,898,000 |
| Equity capital | 6,970,000 | 7,003,000 | 7,348,000 | 7,213,000 |
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 | 759,000 | 1,551,000 | 2,416,000 | 3,275,000 |
| Interest expense | 44,000 | 117,000 | 210,000 | 320,000 |
| Net interest income | 715,000 | 1,434,000 | 2,206,000 | 2,955,000 |
| Noninterest income | 38,000 | 169,000 | 236,000 | 302,000 |
| Noninterest expense | 664,000 | 1,395,000 | 2,115,000 | 2,798,000 |
| Provision for loan losses | 0 | 0 | 0 | 11,000 |
| Pretax income | 90,000 | 214,000 | 335,000 | 457,000 |
| Income tax | 2,000 | 7,000 | 12,000 | 17,000 |
| Net income | 88,000 | 207,000 | 323,000 | 440,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 5,922,000 | 6,069,000 | 6,214,000 | 6,359,000 |