Call reports 2024
PORTAGE COMMUNITY BANK — 2024
What PORTAGE COMMUNITY 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 | 508,509,000 | 510,058,000 | 519,132,000 | 512,935,000 |
| Total loans | 364,153,000 | 368,617,000 | 366,052,000 | 372,061,000 |
| Allowance for loan losses | 3,285,000 | 3,388,000 | 3,389,000 | 3,469,000 |
| Securities available for sale | 98,815,000 | 101,425,000 | 109,415,000 | 105,814,000 |
| Securities held to maturity | 3,100,000 | 3,100,000 | 3,100,000 | 3,100,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 448,474,000 | 454,017,000 | 459,771,000 | 451,605,000 |
| Interest-bearing deposits | 351,776,000 | 356,693,000 | 363,335,000 | 362,996,000 |
| Noninterest-bearing deposits | 96,698,000 | 97,324,000 | 96,436,000 | 88,609,000 |
| Equity capital | 43,869,000 | 44,667,000 | 48,100,000 | 47,029,000 |
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 | 5,614,000 | 11,579,000 | 17,668,000 | 23,724,000 |
| Interest expense | 2,279,000 | 4,707,000 | 7,219,000 | 9,620,000 |
| Net interest income | 3,335,000 | 6,872,000 | 10,449,000 | 14,104,000 |
| Noninterest income | 541,000 | 1,108,000 | 1,759,000 | 2,348,000 |
| Noninterest expense | 3,017,000 | 6,012,000 | 9,026,000 | 11,931,000 |
| Provision for loan losses | 49,000 | 149,000 | 149,000 | 230,000 |
| Pretax income | 810,000 | 1,822,000 | 3,033,000 | 4,287,000 |
| Income tax | 135,000 | 306,000 | 515,000 | 737,000 |
| Net income | 675,000 | 1,516,000 | 2,518,000 | 3,550,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 53,939,000 | 54,103,000 | 55,105,000 | 55,887,000 |
| Total capital | 57,332,000 | 57,596,000 | 58,602,000 | 59,468,000 |
| Risk-weighted assets | 365,971,000 | 370,885,000 | 370,321,000 | 376,931,000 |