Call reports 2024
WELLINGTON STATE BANK — 2024
What WELLINGTON 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 | 595,537,000 | 570,038,000 | 588,681,000 | 592,480,000 |
| Total loans | 345,107,000 | 354,299,000 | 350,605,000 | 357,400,000 |
| Allowance for loan losses | 4,880,000 | 4,948,000 | 4,958,000 | 4,980,000 |
| Securities available for sale | 155,282,000 | 152,568,000 | 161,210,000 | 178,551,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 518,993,000 | 518,322,000 | 530,548,000 | 545,028,000 |
| Interest-bearing deposits | 378,415,000 | 378,613,000 | 388,154,000 | 395,103,000 |
| Noninterest-bearing deposits | 140,578,000 | 139,709,000 | 142,394,000 | 149,925,000 |
| Equity capital | 35,551,000 | 36,681,000 | 42,750,000 | 37,721,000 |
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 | 7,587,000 | 15,394,000 | 23,395,000 | 31,836,000 |
| Interest expense | 3,341,000 | 6,682,000 | 10,003,000 | 13,126,000 |
| Net interest income | 4,246,000 | 8,712,000 | 13,392,000 | 18,710,000 |
| Noninterest income | 614,000 | 1,228,000 | 1,827,000 | 2,492,000 |
| Noninterest expense | 4,187,000 | 8,422,000 | 12,567,000 | 16,613,000 |
| Provision for loan losses | 135,000 | 204,000 | 273,000 | 342,000 |
| Pretax income | 542,000 | 1,320,000 | 2,393,000 | 4,265,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 542,000 | 1,320,000 | 2,393,000 | 4,265,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 55,443,000 | 55,531,000 | 56,362,000 | 58,213,000 |
| Total capital | 60,323,000 | 60,478,000 | 61,321,000 | 63,193,000 |
| Risk-weighted assets | 426,434,000 | 439,521,000 | 407,357,000 | 414,745,000 |