Call reports 2024
SALEM FIVE CENTS SAVINGS BANK — 2024
What SALEM FIVE CENTS SAVINGS 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 | 7,336,543,000 | 7,537,032,000 | 7,667,375,000 | 7,844,697,000 |
| Total loans | 5,442,676,000 | 5,635,934,000 | 5,815,423,000 | 5,960,394,000 |
| Allowance for loan losses | 64,668,000 | 64,645,000 | 65,128,000 | 67,793,000 |
| Securities available for sale | 424,902,000 | 434,330,000 | 434,329,000 | 417,451,000 |
| Securities held to maturity | 1,126,200,000 | 1,116,177,000 | 1,101,187,000 | 1,120,551,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 5,309,340,000 | 5,380,347,000 | 5,505,584,000 | 5,628,318,000 |
| Interest-bearing deposits | 4,342,577,000 | 4,419,555,000 | 4,488,811,000 | 4,577,241,000 |
| Noninterest-bearing deposits | 966,763,000 | 960,792,000 | 1,016,773,000 | 1,051,077,000 |
| Equity capital | 838,590,000 | 852,796,000 | 859,693,000 | 887,493,000 |
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 | 84,217,000 | 171,250,000 | 263,169,000 | 354,659,000 |
| Interest expense | 44,080,000 | 91,740,000 | 142,881,000 | 192,315,000 |
| Net interest income | 40,137,000 | 79,510,000 | 120,288,000 | 162,344,000 |
| Noninterest income | 12,810,000 | 26,288,000 | 40,359,000 | 55,901,000 |
| Noninterest expense | 34,732,000 | 70,808,000 | 105,319,000 | 140,753,000 |
| Provision for loan losses | 1,350,000 | 1,350,000 | 2,700,000 | 5,400,000 |
| Pretax income | 16,878,000 | 33,663,000 | 52,642,000 | 72,198,000 |
| Income tax | 4,387,000 | 8,752,000 | 13,423,000 | 18,210,000 |
| Net income | 12,491,000 | 24,911,000 | 39,219,000 | 53,988,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 780,705,000 | 793,787,000 | 808,729,000 | 824,985,000 |
| Total capital | 851,220,000 | 864,463,000 | 879,888,000 | 898,809,000 |
| Risk-weighted assets | 5,640,682,000 | 5,809,070,000 | 5,942,440,000 | 6,052,143,000 |