Call reports 2024
ITASCA BANK & TRUST CO. — 2024
What ITASCA BANK & TRUST CO. 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 | 748,465,000 | 748,184,000 | 771,689,000 | 771,973,000 |
| Total loans | 522,083,000 | 535,432,000 | 526,298,000 | 532,971,000 |
| Allowance for loan losses | 7,527,000 | 7,534,000 | 7,344,000 | 7,351,000 |
| Securities available for sale | 166,606,000 | 161,718,000 | 164,750,000 | 171,194,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 684,007,000 | 682,479,000 | 700,801,000 | 703,302,000 |
| Interest-bearing deposits | 477,991,000 | 488,507,000 | 508,152,000 | 505,994,000 |
| Noninterest-bearing deposits | 206,016,000 | 193,972,000 | 192,649,000 | 197,308,000 |
| Equity capital | 59,670,000 | 61,511,000 | 66,171,000 | 64,177,000 |
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 | 9,152,000 | 18,795,000 | 28,795,000 | 38,993,000 |
| Interest expense | 2,933,000 | 6,213,000 | 9,814,000 | 13,643,000 |
| Net interest income | 6,219,000 | 12,582,000 | 18,981,000 | 25,350,000 |
| Noninterest income | 924,000 | 1,974,000 | 2,986,000 | 3,975,000 |
| Noninterest expense | 4,880,000 | 9,702,000 | 14,405,000 | 19,360,000 |
| Provision for loan losses | 0 | 0 | -100,000 | -100,000 |
| Pretax income | 2,261,000 | 4,852,000 | 7,560,000 | 9,963,000 |
| Income tax | 626,000 | 1,341,000 | 2,085,000 | 2,740,000 |
| Net income | 1,635,000 | 3,511,000 | 5,475,000 | 7,223,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 73,278,000 | 74,423,000 | 75,521,000 | 76,178,000 |