Call reports 2024
KITSAP BANK — 2024
What KITSAP 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 | 1,648,025,000 | 1,692,483,000 | 1,685,635,000 | 1,665,595,000 |
| Total loans | 846,570,000 | 897,916,000 | 886,967,000 | 896,724,000 |
| Allowance for loan losses | 9,981,000 | 10,725,000 | 9,830,000 | 9,578,000 |
| Securities available for sale | 574,919,000 | 560,795,000 | 578,370,000 | 553,292,000 |
| Securities held to maturity | 41,072,000 | 41,543,000 | 39,245,000 | 31,044,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,363,565,000 | 1,353,154,000 | 1,362,106,000 | 1,383,068,000 |
| Interest-bearing deposits | 938,861,000 | 927,772,000 | 922,618,000 | 947,981,000 |
| Noninterest-bearing deposits | 424,704,000 | 425,382,000 | 439,488,000 | 435,087,000 |
| Equity capital | 144,815,000 | 145,551,000 | 157,508,000 | 148,749,000 |
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 | 17,068,000 | 34,809,000 | 52,931,000 | 70,868,000 |
| Interest expense | 4,661,000 | 9,839,000 | 15,406,000 | 20,562,000 |
| Net interest income | 12,407,000 | 24,970,000 | 37,525,000 | 50,306,000 |
| Noninterest income | 2,654,000 | 5,326,000 | 8,125,000 | 10,722,000 |
| Noninterest expense | 12,000,000 | 23,969,000 | 36,368,000 | 48,417,000 |
| Provision for loan losses | 0 | 750,000 | -147,000 | -147,000 |
| Pretax income | 3,061,000 | 6,339,000 | 7,110,000 | 7,469,000 |
| Income tax | 545,000 | 823,000 | 910,000 | 725,000 |
| Net income | 2,516,000 | 5,516,000 | 6,200,000 | 6,744,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 189,231,000 | 191,231,000 | 190,915,000 | 189,591,000 |
| Total capital | 199,636,000 | 202,380,000 | 204,299,000 | 199,753,000 |
| Risk-weighted assets | 1,178,455,000 | 1,229,024,000 | 1,207,650,000 | 1,206,465,000 |