Call reports 2024
HEADWATERS STATE BANK — 2024
What HEADWATERS STATE 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 | 93,309,000 | 92,397,000 | 99,965,000 | 110,252,000 |
| Total loans | 66,090,000 | 67,996,000 | 70,720,000 | 74,805,000 |
| Allowance for loan losses | 766,000 | 767,000 | 768,000 | 744,000 |
| Securities available for sale | 9,125,000 | 9,172,000 | 9,517,000 | 10,406,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 76,155,000 | 74,981,000 | 81,965,000 | 92,451,000 |
| Interest-bearing deposits | 60,707,000 | 59,461,000 | 65,893,000 | 77,646,000 |
| Noninterest-bearing deposits | 15,448,000 | 15,520,000 | 16,072,000 | 14,805,000 |
| Equity capital | 17,059,000 | 17,264,000 | 17,776,000 | 17,655,000 |
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 | 1,143,000 | 2,279,000 | 3,465,000 | 4,822,000 |
| Interest expense | 365,000 | 717,000 | 1,117,000 | 1,676,000 |
| Net interest income | 778,000 | 1,562,000 | 2,348,000 | 3,146,000 |
| Noninterest income | 38,000 | 77,000 | 90,000 | 160,000 |
| Noninterest expense | 561,000 | 1,129,000 | 1,618,000 | 2,163,000 |
| Provision for loan losses | 350,000 | 350,000 | 350,000 | 450,000 |
| Pretax income | -95,000 | 160,000 | 470,000 | 693,000 |
| Income tax | -66,000 | 7,000 | 72,000 | 110,000 |
| Net income | -29,000 | 153,000 | 398,000 | 583,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 10,440,000 | 10,654,000 | 10,931,000 | 11,147,000 |
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