Call reports 2024
FEDERATION BANK — 2024
What FEDERATION 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 | 144,861,000 | 139,803,000 | 155,064,000 | 145,464,000 |
| Total loans | 69,422,000 | 67,943,000 | 70,300,000 | 73,452,000 |
| Allowance for loan losses | 1,256,000 | 1,187,000 | 1,186,000 | 1,186,000 |
| Securities available for sale | 57,743,000 | 58,983,000 | 64,361,000 | 60,633,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 128,248,000 | 121,770,000 | 134,774,000 | 127,065,000 |
| Interest-bearing deposits | 99,470,000 | 93,181,000 | 103,170,000 | 100,311,000 |
| Noninterest-bearing deposits | 28,778,000 | 28,589,000 | 31,604,000 | 26,754,000 |
| Equity capital | 10,443,000 | 10,811,000 | 12,758,000 | 11,189,000 |
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 | 1,404,000 | 3,011,000 | 4,545,000 | 6,196,000 |
| Interest expense | 304,000 | 656,000 | 1,048,000 | 1,449,000 |
| Net interest income | 1,100,000 | 2,355,000 | 3,497,000 | 4,747,000 |
| Noninterest income | 147,000 | 291,000 | 356,000 | 312,000 |
| Noninterest expense | 1,013,000 | 2,076,000 | 2,968,000 | 3,958,000 |
| Provision for loan losses | 0 | -100,000 | -100,000 | -100,000 |
| Pretax income | 257,000 | 693,000 | 1,017,000 | 1,233,000 |
| Income tax | 3,000 | 16,000 | 30,000 | 42,000 |
| Net income | 254,000 | 677,000 | 987,000 | 1,191,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 14,074,000 | 14,229,000 | 14,381,000 | 14,525,000 |