Call reports 2024
TANDEM BANK — 2024
What TANDEM 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 | 235,403,000 | 232,409,000 | 234,496,000 | 232,788,000 |
| Total loans | 179,015,000 | 167,407,000 | 163,799,000 | 169,097,000 |
| Allowance for loan losses | 3,359,000 | 2,488,000 | 2,488,000 | 2,488,000 |
| Securities available for sale | 23,921,000 | 23,538,000 | 27,723,000 | 26,747,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 195,521,000 | 199,864,000 | 203,625,000 | 201,477,000 |
| Interest-bearing deposits | 140,345,000 | 146,075,000 | 145,503,000 | 140,762,000 |
| Noninterest-bearing deposits | 55,176,000 | 53,789,000 | 58,122,000 | 60,715,000 |
| Equity capital | 22,416,000 | 23,368,000 | 24,157,000 | 24,623,000 |
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 | 3,676,000 | 7,498,000 | 11,208,000 | 14,829,000 |
| Interest expense | 1,420,000 | 2,981,000 | 4,566,000 | 5,949,000 |
| Net interest income | 2,256,000 | 4,517,000 | 6,642,000 | 8,880,000 |
| Noninterest income | 1,475,000 | 1,712,000 | 1,996,000 | 2,151,000 |
| Noninterest expense | 2,319,000 | 4,637,000 | 6,358,000 | 8,010,000 |
| Provision for loan losses | 1,019,000 | 190,000 | 190,000 | 190,000 |
| Pretax income | 480,000 | 1,489,000 | 2,177,000 | 2,918,000 |
| Income tax | 120,000 | 386,000 | 558,000 | 693,000 |
| Net income | 360,000 | 1,103,000 | 1,619,000 | 2,225,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 23,063,000 | 24,426,000 | 24,938,000 | 25,593,000 |
| Total capital | 25,429,000 | 26,656,000 | 27,155,000 | 27,869,000 |
| Risk-weighted assets | 188,254,000 | 175,300,000 | 177,117,000 | 178,549,000 |