Call reports 2024
FINANCE FACTORS, LIMITED — 2024
What FINANCE FACTORS, LIMITED 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 | 669,280,000 | 667,495,000 | 683,650,000 | 700,026,000 |
| Total loans | 478,650,000 | 477,432,000 | 492,586,000 | 501,912,000 |
| Allowance for loan losses | 11,932,000 | 12,099,000 | 11,923,000 | 12,087,000 |
| Securities available for sale | 94,414,000 | 94,370,000 | 94,145,000 | 88,125,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 19,029,000 | 19,834,000 | 20,993,000 | 21,531,000 |
| Total deposits | 537,716,000 | 531,866,000 | 525,696,000 | 534,459,000 |
| Interest-bearing deposits | 537,187,000 | 530,751,000 | 525,089,000 | 533,539,000 |
| Noninterest-bearing deposits | 529,000 | 1,115,000 | 607,000 | 920,000 |
| Equity capital | 72,104,000 | 72,212,000 | 74,420,000 | 73,567,000 |
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 | 8,624,000 | 17,409,000 | 26,317,000 | 35,459,000 |
| Interest expense | 4,923,000 | 9,996,000 | 15,256,000 | 20,762,000 |
| Net interest income | 3,701,000 | 7,413,000 | 11,061,000 | 14,697,000 |
| Noninterest income | 2,028,000 | 3,027,000 | 4,438,000 | 5,196,000 |
| Noninterest expense | 4,156,000 | 8,296,000 | 12,615,000 | 17,109,000 |
| Provision for loan losses | 225,000 | 372,000 | 178,000 | 328,000 |
| Pretax income | 1,573,000 | 2,144,000 | 2,884,000 | 1,669,000 |
| Income tax | 322,000 | 384,000 | 494,000 | -6,000 |
| Net income | 1,251,000 | 1,760,000 | 2,390,000 | 1,675,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 76,630,000 | 76,890,000 | 77,520,000 | 76,803,000 |
| Total capital | 82,982,000 | 83,216,000 | 84,047,000 | 83,451,000 |
| Risk-weighted assets | 501,812,000 | 499,714,000 | 515,929,000 | 525,706,000 |