Call reports 2024
AVANA BANK — 2024
What AVANA 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 | 40,612,000 | 38,417,000 | 39,464,000 | 39,195,000 |
| Total loans | 10,813,000 | 9,444,000 | 9,371,000 | 8,672,000 |
| Allowance for loan losses | 123,000 | 128,000 | 128,000 | 127,000 |
| Securities available for sale | 1,081,000 | 1,079,000 | 1,054,000 | 1,052,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 31,671,000 | 29,394,000 | 30,422,000 | 30,310,000 |
| Interest-bearing deposits | 17,814,000 | 17,496,000 | 18,769,000 | 19,443,000 |
| Noninterest-bearing deposits | 13,857,000 | 11,898,000 | 11,653,000 | 10,867,000 |
| Equity capital | 8,889,000 | 8,940,000 | 8,945,000 | 8,779,000 |
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 | 509,000 | 1,036,000 | 1,521,000 | 1,991,000 |
| Interest expense | 68,000 | 152,000 | 244,000 | 384,000 |
| Net interest income | 441,000 | 884,000 | 1,277,000 | 1,607,000 |
| Noninterest income | 27,000 | 53,000 | 82,000 | 108,000 |
| Noninterest expense | 433,000 | 839,000 | 1,251,000 | 1,791,000 |
| Provision for loan losses | 0 | 5,000 | 5,000 | 5,000 |
| Pretax income | 35,000 | 93,000 | 103,000 | -81,000 |
| Income tax | 10,000 | 16,000 | 23,000 | 6,000 |
| Net income | 25,000 | 77,000 | 80,000 | -87,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,628,000 | 6,730,000 | 6,741,000 | 6,579,000 |