Call reports 2024
SHORE UNITED BANK, NATIONAL ASSOCIATION — 2024
What SHORE UNITED BANK, NATIONAL ASSOCIATION 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 | 5,818,999,000 | 5,856,943,000 | 5,910,096,000 | 6,231,022,000 |
| Total loans | 4,662,492,000 | 4,733,566,000 | 4,760,786,000 | 4,791,593,000 |
| Allowance for loan losses | 57,336,000 | 58,478,000 | 58,669,000 | 57,910,000 |
| Securities available for sale | 179,496,000 | 131,594,000 | 133,339,000 | 149,212,000 |
| Securities held to maturity | 503,938,000 | 499,539,000 | 484,684,000 | 481,280,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 5,188,640,000 | 5,153,053,000 | 5,231,603,000 | 5,536,419,000 |
| Interest-bearing deposits | 3,983,599,000 | 3,561,633,000 | 3,654,335,000 | 3,965,526,000 |
| Noninterest-bearing deposits | 1,205,041,000 | 1,591,420,000 | 1,577,268,000 | 1,570,893,000 |
| Equity capital | 579,520,000 | 587,283,000 | 595,954,000 | 604,261,000 |
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 | 71,139,000 | 144,245,000 | 218,934,000 | 295,338,000 |
| Interest expense | 28,553,000 | 58,068,000 | 88,040,000 | 119,021,000 |
| Net interest income | 42,586,000 | 86,177,000 | 130,894,000 | 176,317,000 |
| Noninterest income | 6,286,000 | 14,190,000 | 20,828,000 | 28,767,000 |
| Noninterest expense | 35,705,000 | 67,756,000 | 100,604,000 | 132,544,000 |
| Provision for loan losses | 550,000 | 2,578,000 | 4,057,000 | 4,631,000 |
| Pretax income | 12,699,000 | 30,038,000 | 47,284,000 | 67,747,000 |
| Income tax | 2,715,000 | 7,089,000 | 11,398,000 | 16,535,000 |
| Net income | 9,984,000 | 22,949,000 | 35,886,000 | 51,212,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 487,494,000 | 501,003,000 | 509,511,000 | 521,453,000 |
| Total capital | 545,922,000 | 560,625,000 | 569,317,000 | 580,706,000 |
| Risk-weighted assets | 4,723,872,000 | 4,796,512,000 | 4,808,058,000 | 4,851,903,000 |