Call reports 2024
FIRST ELECTRONIC BANK — 2024
What FIRST ELECTRONIC 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 | 350,062,000 | 428,892,000 | 355,825,000 | 456,775,000 |
| Total loans | 166,766,000 | 163,795,000 | 192,785,000 | 207,406,000 |
| Allowance for loan losses | 0 | 0 | 0 | 0 |
| Securities available for sale | 999,000 | 2,457,000 | 2,479,000 | 2,367,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 246,981,000 | 310,006,000 | 226,412,000 | 312,040,000 |
| Interest-bearing deposits | 29,929,000 | 37,511,000 | 37,483,000 | 37,224,000 |
| Noninterest-bearing deposits | 217,052,000 | 272,495,000 | 188,929,000 | 274,816,000 |
| Equity capital | 93,368,000 | 107,169,000 | 117,678,000 | 131,206,000 |
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 | 16,694,000 | 38,987,000 | 61,626,000 | 85,895,000 |
| Interest expense | 442,000 | 978,000 | 1,491,000 | 1,854,000 |
| Net interest income | 16,252,000 | 38,009,000 | 60,135,000 | 84,041,000 |
| Noninterest income | 5,417,000 | 11,293,000 | 16,207,000 | 20,649,000 |
| Noninterest expense | 6,582,000 | 14,783,000 | 22,407,000 | 34,057,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 15,087,000 | 34,519,000 | 53,935,000 | 70,633,000 |
| Income tax | 3,764,000 | 9,353,000 | 14,300,000 | 17,358,000 |
| Net income | 11,323,000 | 25,166,000 | 39,635,000 | 53,275,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 93,327,000 | 107,171,000 | 117,639,000 | 130,827,000 |
| Total capital | 93,327,000 | 107,171,000 | 117,639,000 | 130,827,000 |
| Risk-weighted assets | 176,679,000 | 172,183,000 | 205,244,000 | 218,238,000 |