Call reports 2024
BEACH CITIES COMMERCIAL BANK — 2024
What BEACH CITIES COMMERCIAL 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 | 61,989,000 | 81,237,000 | 97,042,000 | 130,786,000 |
| Total loans | 39,964,000 | 63,181,000 | 78,105,000 | 105,648,000 |
| Allowance for loan losses | 546,000 | 726,000 | 843,000 | 1,214,000 |
| Securities available for sale | 980,000 | 993,000 | 974,000 | 984,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 41,014,000 | 61,338,000 | 75,823,000 | 112,892,000 |
| Interest-bearing deposits | 35,172,000 | 54,145,000 | 63,788,000 | 98,774,000 |
| Noninterest-bearing deposits | 5,842,000 | 7,193,000 | 12,035,000 | 14,118,000 |
| Equity capital | 18,181,000 | 17,053,000 | 16,117,000 | 15,232,000 |
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 | 864,000 | 2,137,000 | 3,745,000 | 5,603,000 |
| Interest expense | 284,000 | 842,000 | 1,558,000 | 2,418,000 |
| Net interest income | 580,000 | 1,295,000 | 2,187,000 | 3,185,000 |
| Noninterest income | 5,000 | 9,000 | 16,000 | 149,000 |
| Noninterest expense | 1,650,000 | 3,423,000 | 5,190,000 | 6,929,000 |
| Provision for loan losses | 245,000 | 425,000 | 542,000 | 913,000 |
| Pretax income | -1,314,000 | -2,548,000 | -3,533,000 | -4,522,000 |
| Income tax | 1,000 | 2,000 | 2,000 | 2,000 |
| Net income | -1,315,000 | -2,550,000 | -3,535,000 | -4,524,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 18,182,000 | 17,054,000 | 16,116,000 | 15,193,000 |