Call reports 2024
FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF LORAIN — 2024
What FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF LORAIN 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 | 524,752,000 | 521,453,000 | 512,011,000 | 501,593,000 |
| Total loans | 351,822,000 | 347,555,000 | 346,515,000 | 346,851,000 |
| Allowance for loan losses | 1,697,000 | 1,697,000 | 1,647,000 | 1,661,000 |
| Securities available for sale | 128,629,000 | 127,108,000 | 115,379,000 | 95,992,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 416,691,000 | 418,621,000 | 407,179,000 | 413,958,000 |
| Interest-bearing deposits | 374,787,000 | 375,392,000 | 367,108,000 | 372,515,000 |
| Noninterest-bearing deposits | 41,904,000 | 43,229,000 | 40,071,000 | 41,443,000 |
| Equity capital | 50,326,000 | 49,777,000 | 52,384,000 | 50,161,000 |
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 | 4,347,000 | 8,728,000 | 13,117,000 | 17,890,000 |
| Interest expense | 2,905,000 | 5,864,000 | 8,898,000 | 11,914,000 |
| Net interest income | 1,442,000 | 2,864,000 | 4,219,000 | 5,976,000 |
| Noninterest income | 495,000 | 1,031,000 | 1,983,000 | 2,566,000 |
| Noninterest expense | 3,380,000 | 6,665,000 | 9,697,000 | 12,858,000 |
| Provision for loan losses | -41,000 | -69,000 | -154,000 | -343,000 |
| Pretax income | -1,402,000 | -2,701,000 | -3,391,000 | -4,009,000 |
| Income tax | -318,000 | -613,000 | -785,000 | -803,000 |
| Net income | -1,084,000 | -2,088,000 | -2,606,000 | -3,206,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 62,127,000 | 61,123,000 | 60,605,000 | 60,004,000 |
| Total capital | 63,827,000 | 62,823,000 | 62,305,000 | 61,704,000 |
| Risk-weighted assets | 246,191,000 | 247,012,000 | 247,039,000 | 245,352,000 |
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