Call reports 2024
AMERICAN MOMENTUM BANK — 2024
What AMERICAN MOMENTUM 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 | 2,566,503,000 | 2,599,768,000 | 2,673,780,000 | 2,798,413,000 |
| Total loans | 1,884,578,000 | 1,927,557,000 | 1,919,493,000 | 1,974,699,000 |
| Allowance for loan losses | 21,864,000 | 21,100,000 | 24,481,000 | 24,530,000 |
| Securities available for sale | 355,912,000 | 331,142,000 | 303,500,000 | 279,856,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 2,021,776,000 | 2,045,371,000 | 2,099,772,000 | 2,212,720,000 |
| Interest-bearing deposits | 1,081,579,000 | 1,128,661,000 | 1,171,525,000 | 1,276,711,000 |
| Noninterest-bearing deposits | 940,197,000 | 916,710,000 | 928,247,000 | 936,009,000 |
| Equity capital | 506,754,000 | 518,468,000 | 537,954,000 | 547,330,000 |
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 | 37,541,000 | 75,771,000 | 115,047,000 | 155,382,000 |
| Interest expense | 6,421,000 | 13,447,000 | 20,995,000 | 29,360,000 |
| Net interest income | 31,120,000 | 62,324,000 | 94,052,000 | 126,022,000 |
| Noninterest income | 2,663,000 | 5,888,000 | 10,395,000 | 13,004,000 |
| Noninterest expense | 18,227,000 | 35,364,000 | 51,746,000 | 69,377,000 |
| Provision for loan losses | 586,000 | 1,626,000 | 4,958,000 | 4,958,000 |
| Pretax income | 15,772,000 | 32,465,000 | 49,154,000 | 66,155,000 |
| Income tax | 2,938,000 | 6,895,000 | 10,292,000 | 14,303,000 |
| Net income | 12,834,000 | 25,570,000 | 38,862,000 | 51,852,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 404,847,000 | 416,289,000 | 429,388,000 | 443,004,000 |
| Total capital | 428,768,000 | 439,096,000 | 455,322,000 | 468,985,000 |
| Risk-weighted assets | 2,171,048,000 | 2,173,783,000 | 2,120,485,000 | 2,151,356,000 |