Call reports 2024
SWEET WATER STATE BANK — 2024
What SWEET WATER 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 | 125,319,000 | 126,867,000 | 131,506,000 | 144,780,000 |
| Total loans | 71,547,000 | 71,883,000 | 72,028,000 | 73,385,000 |
| Allowance for loan losses | 862,000 | 945,000 | 881,000 | 1,007,000 |
| Securities available for sale | 24,590,000 | 24,028,000 | 25,134,000 | 25,779,000 |
| Securities held to maturity | 1,318,000 | 1,318,000 | 1,319,000 | 1,319,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 111,835,000 | 113,054,000 | 116,567,000 | 130,358,000 |
| Interest-bearing deposits | 73,037,000 | 77,272,000 | 79,084,000 | 90,010,000 |
| Noninterest-bearing deposits | 38,798,000 | 35,782,000 | 37,483,000 | 40,348,000 |
| Equity capital | 10,972,000 | 11,305,000 | 12,368,000 | 12,097,000 |
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 | 2,163,000 | 4,403,000 | 6,844,000 | 9,229,000 |
| Interest expense | 375,000 | 813,000 | 1,326,000 | 1,868,000 |
| Net interest income | 1,788,000 | 3,590,000 | 5,518,000 | 7,361,000 |
| Noninterest income | 151,000 | 287,000 | 422,000 | 549,000 |
| Noninterest expense | 1,054,000 | 2,177,000 | 3,354,000 | 4,652,000 |
| Provision for loan losses | 153,000 | 350,000 | 585,000 | 765,000 |
| Pretax income | 732,000 | 1,350,000 | 2,001,000 | 2,493,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 732,000 | 1,350,000 | 2,001,000 | 2,493,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 13,185,000 | 13,754,000 | 14,380,000 | 14,839,000 |
| Total capital | — | 14,698,000 | — | — |
| Risk-weighted assets | — | 92,364,000 | — | — |