Call reports 2024
ALGONQUIN STATE BANK — 2024
What ALGONQUIN STATE BANK reported to the FFIEC in 2024, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2024Q1 | 2024Q2 |
|---|---|---|
| Total assets | 137,565,000 | 143,665,000 |
| Total loans | 77,781,000 | 77,151,000 |
| Allowance for loan losses | 568,000 | 560,000 |
| Securities available for sale | 45,154,000 | 45,053,000 |
| Securities held to maturity | 0 | 0 |
| Trading assets | 0 | 0 |
| Total deposits | 123,332,000 | 132,718,000 |
| Interest-bearing deposits | 87,972,000 | 98,693,000 |
| Noninterest-bearing deposits | 35,360,000 | 34,025,000 |
| Equity capital | 10,022,000 | 10,705,000 |
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 |
|---|---|---|
| Interest income | 1,545,000 | 3,081,000 |
| Interest expense | 374,000 | 749,000 |
| Net interest income | 1,171,000 | 2,332,000 |
| Noninterest income | 77,000 | 150,000 |
| Noninterest expense | 996,000 | 1,992,000 |
| Provision for loan losses | -7,000 | -16,000 |
| Pretax income | 261,000 | 510,000 |
| Income tax | 0 | 0 |
| Net income | 261,000 | 510,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 |
|---|---|---|
| Tier 1 capital | 18,744,000 | 18,994,000 |