Call reports 2024
COGENT BANK — 2024
What COGENT 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 | 1,861,049,000 | 1,931,272,000 | 1,926,188,000 | 1,974,267,000 |
| Total loans | 1,524,626,000 | 1,549,885,000 | 1,532,023,000 | 1,552,863,000 |
| Allowance for loan losses | 16,678,000 | 17,542,000 | 17,051,000 | 15,566,000 |
| Securities available for sale | 275,296,000 | 298,295,000 | 326,963,000 | 359,833,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,675,198,000 | 1,658,617,000 | 1,744,520,000 | 1,784,719,000 |
| Interest-bearing deposits | 1,248,458,000 | 1,239,648,000 | 1,307,513,000 | 1,281,928,000 |
| Noninterest-bearing deposits | 426,740,000 | 418,969,000 | 437,007,000 | 502,791,000 |
| Equity capital | 145,672,000 | 156,582,000 | 169,956,000 | 175,296,000 |
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 | 30,027,000 | 62,371,000 | 94,990,000 | 129,444,000 |
| Interest expense | 12,524,000 | 25,876,000 | 39,584,000 | 51,902,000 |
| Net interest income | 17,503,000 | 36,495,000 | 55,406,000 | 77,542,000 |
| Noninterest income | 3,411,000 | 8,431,000 | 10,867,000 | 13,085,000 |
| Noninterest expense | 12,295,000 | 25,531,000 | 38,393,000 | 52,706,000 |
| Provision for loan losses | 1,585,000 | 2,592,000 | 2,676,000 | 4,146,000 |
| Pretax income | 7,474,000 | 17,213,000 | 25,650,000 | 34,204,000 |
| Income tax | 1,783,000 | 4,217,000 | 6,339,000 | 8,546,000 |
| Net income | 5,691,000 | 12,996,000 | 19,311,000 | 25,658,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 147,328,000 | 157,783,000 | 167,660,000 | 175,282,000 |
| Total capital | 164,726,000 | 176,075,000 | 185,428,000 | 191,582,000 |
| Risk-weighted assets | 1,541,793,000 | 1,578,552,000 | 1,569,907,000 | 1,613,285,000 |