Call reports 2024
PREVAIL BANK — 2024
What PREVAIL 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 | 950,710,000 | 953,415,000 | 951,102,000 | 964,319,000 |
| Total loans | 652,112,000 | 653,644,000 | 671,394,000 | 677,351,000 |
| Allowance for loan losses | 6,358,000 | 6,530,000 | 6,909,000 | 7,196,000 |
| Securities available for sale | 188,552,000 | 184,351,000 | 182,944,000 | 172,293,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 681,877,000 | 694,127,000 | 708,084,000 | 743,504,000 |
| Interest-bearing deposits | 617,359,000 | 625,460,000 | 637,136,000 | 670,595,000 |
| Noninterest-bearing deposits | 64,518,000 | 68,667,000 | 70,948,000 | 72,909,000 |
| Equity capital | 122,609,000 | 122,385,000 | 127,428,000 | 124,891,000 |
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 | 9,529,000 | 18,899,000 | 28,710,000 | 38,587,000 |
| Interest expense | 5,452,000 | 10,792,000 | 16,241,000 | 21,448,000 |
| Net interest income | 4,077,000 | 8,107,000 | 12,469,000 | 17,139,000 |
| Noninterest income | 470,000 | 1,013,000 | 1,659,000 | 2,243,000 |
| Noninterest expense | 4,580,000 | 9,015,000 | 13,652,000 | 18,282,000 |
| Provision for loan losses | 115,000 | 287,000 | 669,000 | 962,000 |
| Pretax income | -213,000 | -215,000 | -566,000 | -238,000 |
| Income tax | -148,000 | -200,000 | -615,000 | -833,000 |
| Net income | -65,000 | -15,000 | 49,000 | 595,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 121,936,000 | 122,033,000 | 122,144,000 | 122,738,000 |
| Total capital | 128,502,000 | 128,738,000 | 129,476,000 | 130,224,000 |
| Risk-weighted assets | 633,705,000 | 637,383,000 | 633,091,000 | 649,034,000 |