Call reports 2024
FIRST UTAH BANK — 2024
What FIRST UTAH 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 | 740,716,000 | 752,663,000 | 789,008,000 | 874,197,000 |
| Total loans | 556,594,000 | 561,190,000 | 593,523,000 | 670,978,000 |
| Allowance for loan losses | 6,572,000 | 6,588,000 | 7,133,000 | 8,055,000 |
| Securities available for sale | 42,032,000 | 41,304,000 | 42,881,000 | 41,820,000 |
| Securities held to maturity | 83,267,000 | 80,967,000 | 78,522,000 | 76,272,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 566,591,000 | 625,431,000 | 688,802,000 | 731,700,000 |
| Interest-bearing deposits | 412,892,000 | 469,704,000 | 521,061,000 | 568,769,000 |
| Noninterest-bearing deposits | 153,699,000 | 155,727,000 | 167,741,000 | 162,931,000 |
| Equity capital | 71,185,000 | 72,969,000 | 74,481,000 | 75,163,000 |
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 | 12,430,000 | 25,542,000 | 39,258,000 | 53,584,000 |
| Interest expense | 4,227,000 | 9,077,000 | 14,238,000 | 19,247,000 |
| Net interest income | 8,203,000 | 16,465,000 | 25,020,000 | 34,337,000 |
| Noninterest income | 578,000 | 2,346,000 | 3,253,000 | 5,320,000 |
| Noninterest expense | 5,529,000 | 11,703,000 | 18,240,000 | 24,777,000 |
| Provision for loan losses | 750,000 | 1,600,000 | 2,950,000 | 5,010,000 |
| Pretax income | 2,502,000 | 5,508,000 | 7,083,000 | 9,870,000 |
| Income tax | 609,000 | 1,358,000 | 1,757,000 | 2,440,000 |
| Net income | 1,893,000 | 4,150,000 | 5,326,000 | 7,430,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 71,175,000 | 72,398,000 | 73,177,000 | 74,353,000 |
| Total capital | 77,747,000 | 78,986,000 | 80,310,000 | 82,408,000 |
| Risk-weighted assets | 601,977,000 | 603,641,000 | 635,468,000 | 688,026,000 |