Call reports 2024
NORTHWEST BANK OF ROCKFORD — 2024
What NORTHWEST BANK OF ROCKFORD 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 | 429,710,000 | 433,536,000 | 449,899,000 | 465,054,000 |
| Total loans | 317,753,000 | 332,028,000 | 342,527,000 | 350,516,000 |
| Allowance for loan losses | 4,773,000 | 4,626,000 | 4,768,000 | 5,281,000 |
| Securities available for sale | 72,286,000 | 70,276,000 | 71,316,000 | 75,702,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 366,725,000 | 370,562,000 | 384,354,000 | 406,770,000 |
| Interest-bearing deposits | 272,443,000 | 276,438,000 | 293,483,000 | 312,208,000 |
| Noninterest-bearing deposits | 94,282,000 | 94,124,000 | 90,871,000 | 94,562,000 |
| Equity capital | 32,905,000 | 34,648,000 | 38,030,000 | 37,170,000 |
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 | 5,792,000 | 11,772,000 | 18,063,000 | 24,323,000 |
| Interest expense | 2,019,000 | 4,289,000 | 6,758,000 | 9,278,000 |
| Net interest income | 3,773,000 | 7,483,000 | 11,305,000 | 15,045,000 |
| Noninterest income | 701,000 | 1,436,000 | 2,540,000 | 3,394,000 |
| Noninterest expense | 2,777,000 | 5,548,000 | 8,402,000 | 11,260,000 |
| Provision for loan losses | 62,000 | -54,000 | 150,000 | 866,000 |
| Pretax income | 1,705,000 | 3,376,000 | 5,298,000 | 6,384,000 |
| Income tax | 420,000 | 847,000 | 1,216,000 | 1,524,000 |
| Net income | 1,285,000 | 2,529,000 | 4,082,000 | 4,860,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 40,207,000 | 41,489,000 | 43,042,000 | 43,820,000 |