Call reports 2024
1ST EQUITY BANK — 2024
What 1ST EQUITY 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 | 112,660,000 | 122,501,000 | 120,114,000 | 122,208,000 |
| Total loans | 91,369,000 | 97,552,000 | 94,086,000 | 93,121,000 |
| Allowance for loan losses | 1,487,000 | 1,487,000 | 1,487,000 | 1,487,000 |
| Securities available for sale | 123,000 | 117,000 | 110,000 | 107,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 85,609,000 | 89,812,000 | 89,499,000 | 86,271,000 |
| Interest-bearing deposits | 77,347,000 | 77,136,000 | 80,643,000 | 78,186,000 |
| Noninterest-bearing deposits | 8,262,000 | 12,676,000 | 8,856,000 | 8,085,000 |
| Equity capital | 20,579,000 | 20,746,000 | 20,821,000 | 20,619,000 |
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 | 2,002,000 | 3,937,000 | 5,871,000 | 7,791,000 |
| Interest expense | 883,000 | 1,698,000 | 2,556,000 | 3,369,000 |
| Net interest income | 1,119,000 | 2,239,000 | 3,315,000 | 4,422,000 |
| Noninterest income | 511,000 | 685,000 | 849,000 | 1,012,000 |
| Noninterest expense | 949,000 | 1,864,000 | 2,731,000 | 3,693,000 |
| Provision for loan losses | 0 | -89,000 | -89,000 | -89,000 |
| Pretax income | 681,000 | 1,149,000 | 1,522,000 | 1,830,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 681,000 | 1,149,000 | 1,522,000 | 1,830,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 19,574,000 | 19,744,000 | 19,820,000 | 19,621,000 |
| Total capital | 20,690,000 | 20,962,000 | 20,995,000 | 20,755,000 |
| Risk-weighted assets | 88,896,000 | 97,164,000 | 93,650,000 | 90,337,000 |