Call reports 2024
GATE CITY BANK — 2024
What GATE CITY 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 | 3,544,674,000 | 3,596,042,000 | 3,687,478,000 | 3,768,316,000 |
| Total loans | 2,861,670,000 | 2,885,660,000 | 2,907,211,000 | 2,898,022,000 |
| Allowance for loan losses | 17,926,000 | 17,704,000 | 18,059,000 | 18,189,000 |
| Securities available for sale | 315,653,000 | 292,445,000 | 308,364,000 | 328,967,000 |
| Securities held to maturity | 4,208,000 | 4,088,000 | 4,039,000 | 3,996,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 3,030,996,000 | 3,088,897,000 | 3,178,844,000 | 3,274,148,000 |
| Interest-bearing deposits | 2,650,418,000 | 2,697,242,000 | 2,728,037,000 | 2,832,623,000 |
| Noninterest-bearing deposits | 380,578,000 | 391,655,000 | 450,807,000 | 441,525,000 |
| Equity capital | 313,397,000 | 317,028,000 | 327,087,000 | 324,050,000 |
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 | 34,382,000 | 71,280,000 | 109,988,000 | 150,351,000 |
| Interest expense | 11,153,000 | 23,301,000 | 36,481,000 | 49,602,000 |
| Net interest income | 23,229,000 | 47,979,000 | 73,507,000 | 100,749,000 |
| Noninterest income | 15,808,000 | 31,906,000 | 48,114,000 | 64,443,000 |
| Noninterest expense | 34,612,000 | 71,682,000 | 108,793,000 | 145,120,000 |
| Provision for loan losses | 699,000 | 1,553,000 | 2,919,000 | 4,456,000 |
| Pretax income | 3,783,000 | 6,695,000 | 9,911,000 | 15,618,000 |
| Income tax | 1,001,000 | 1,737,000 | 2,591,000 | 4,101,000 |
| Net income | 2,782,000 | 4,958,000 | 7,320,000 | 11,517,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 346,257,000 | 348,433,000 | 350,795,000 | 354,992,000 |