Call reports 2024
NORTHERN STATE BANK OF VIRGINIA — 2024
What NORTHERN STATE BANK OF VIRGINIA 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 | 101,760,000 | 98,658,000 | 103,107,000 | 101,451,000 |
| Total loans | 70,540,000 | 69,362,000 | 71,087,000 | 70,449,000 |
| Allowance for loan losses | 543,000 | 543,000 | 543,000 | 543,000 |
| Securities available for sale | 18,061,000 | 16,844,000 | 16,988,000 | 18,489,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 85,108,000 | 84,871,000 | 91,182,000 | 89,533,000 |
| Interest-bearing deposits | 70,389,000 | 71,202,000 | 76,275,000 | 75,705,000 |
| Noninterest-bearing deposits | 14,719,000 | 13,669,000 | 14,907,000 | 13,828,000 |
| Equity capital | 8,315,000 | 8,417,000 | 9,078,000 | 8,911,000 |
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 | 1,167,000 | 2,400,000 | 3,724,000 | 5,059,000 |
| Interest expense | 427,000 | 910,000 | 1,412,000 | 1,867,000 |
| Net interest income | 740,000 | 1,490,000 | 2,312,000 | 3,192,000 |
| Noninterest income | 37,000 | 82,000 | 128,000 | 174,000 |
| Noninterest expense | 613,000 | 1,286,000 | 1,949,000 | 2,653,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 142,000 | 256,000 | 461,000 | 683,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 142,000 | 256,000 | 461,000 | 683,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 8,883,000 | 8,964,000 | 9,214,000 | 9,250,000 |
| Total capital | 9,426,000 | 9,515,000 | 9,765,000 | 9,801,000 |
| Risk-weighted assets | 67,570,000 | 62,743,000 | 66,060,000 | 64,727,000 |