Call reports 2024
UTAH INDEPENDENT BANK — 2024
What UTAH INDEPENDENT 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 | 143,240,000 | 143,898,000 | 151,162,000 | 152,055,000 |
| Total loans | 88,684,000 | 93,921,000 | 95,466,000 | 95,770,000 |
| Allowance for loan losses | 949,000 | 1,168,000 | 1,151,000 | 1,194,000 |
| Securities available for sale | 23,390,000 | 22,715,000 | 23,267,000 | 22,153,000 |
| Securities held to maturity | 500,000 | 307,000 | 291,000 | 277,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 122,457,000 | 122,032,000 | 127,298,000 | 129,686,000 |
| Interest-bearing deposits | 79,584,000 | 79,288,000 | 82,562,000 | 85,977,000 |
| Noninterest-bearing deposits | 42,873,000 | 42,744,000 | 44,736,000 | 43,709,000 |
| Equity capital | 18,963,000 | 20,172,000 | 22,030,000 | 20,550,000 |
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 | 2,475,000 | 5,049,000 | 7,776,000 | 10,604,000 |
| Interest expense | 412,000 | 905,000 | 1,423,000 | 1,943,000 |
| Net interest income | 2,063,000 | 4,144,000 | 6,353,000 | 8,661,000 |
| Noninterest income | 175,000 | 361,000 | 532,000 | 703,000 |
| Noninterest expense | 1,092,000 | 1,954,000 | 2,968,000 | 4,616,000 |
| Provision for loan losses | 0 | 70,000 | 105,000 | 140,000 |
| Pretax income | 1,146,000 | 2,463,000 | 3,654,000 | 4,450,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 1,146,000 | 2,463,000 | 3,654,000 | 4,450,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 20,692,000 | 22,008,000 | 23,200,000 | 21,843,000 |