Call reports 2024
SYNERGY BANK — 2024
What SYNERGY 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 | 1,181,137,000 | 1,186,176,000 | 1,196,903,000 | 1,198,352,000 |
| Total loans | 713,617,000 | 729,972,000 | 720,974,000 | 718,511,000 |
| Allowance for loan losses | 11,196,000 | 12,137,000 | 12,890,000 | 14,007,000 |
| Securities available for sale | 125,632,000 | 134,395,000 | 146,047,000 | 173,763,000 |
| Securities held to maturity | 175,769,000 | 158,359,000 | 136,611,000 | 126,224,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,011,479,000 | 1,012,774,000 | 1,016,906,000 | 1,027,367,000 |
| Interest-bearing deposits | 744,582,000 | 751,393,000 | 761,595,000 | 769,846,000 |
| Noninterest-bearing deposits | 266,897,000 | 261,381,000 | 255,311,000 | 257,521,000 |
| Equity capital | 155,723,000 | 160,476,000 | 166,647,000 | 158,156,000 |
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 | 15,593,000 | 31,765,000 | 48,584,000 | 65,713,000 |
| Interest expense | 4,452,000 | 9,251,000 | 14,518,000 | 19,807,000 |
| Net interest income | 11,141,000 | 22,514,000 | 34,066,000 | 45,906,000 |
| Noninterest income | 1,485,000 | 2,915,000 | 4,481,000 | 6,096,000 |
| Noninterest expense | 6,184,000 | 12,631,000 | 19,205,000 | 25,882,000 |
| Provision for loan losses | 230,000 | 1,176,000 | 1,947,000 | 3,050,000 |
| Pretax income | 6,259,000 | 11,730,000 | 17,458,000 | 23,125,000 |
| Income tax | 1,298,000 | 2,428,000 | 3,603,000 | 4,762,000 |
| Net income | 4,961,000 | 9,302,000 | 13,855,000 | 18,363,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 120,297,000 | 124,856,000 | 129,635,000 | 121,950,000 |