Call reports 2024
PRIORITY BANK — 2024
What PRIORITY 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 | 115,674,000 | 112,906,000 | 122,150,000 | 129,013,000 |
| Total loans | 85,220,000 | 82,821,000 | 92,069,000 | 97,858,000 |
| Allowance for loan losses | 1,441,000 | 1,435,000 | 1,446,000 | 1,425,000 |
| Securities available for sale | 15,701,000 | 15,308,000 | 12,353,000 | 16,888,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 88,561,000 | 86,376,000 | 96,076,000 | 105,354,000 |
| Interest-bearing deposits | 71,385,000 | 69,685,000 | 78,041,000 | 90,863,000 |
| Noninterest-bearing deposits | 17,176,000 | 16,691,000 | 18,035,000 | 14,491,000 |
| Equity capital | 13,772,000 | 13,808,000 | 13,857,000 | 13,791,000 |
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 | 2,008,000 | 4,090,000 | 6,263,000 | 8,672,000 |
| Interest expense | 788,000 | 1,597,000 | 2,463,000 | 3,462,000 |
| Net interest income | 1,220,000 | 2,493,000 | 3,800,000 | 5,210,000 |
| Noninterest income | 1,021,000 | 1,448,000 | 2,036,000 | 2,582,000 |
| Noninterest expense | 1,448,000 | 2,720,000 | 4,082,000 | 5,483,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 793,000 | 1,221,000 | 1,766,000 | 2,321,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 793,000 | 1,221,000 | 1,766,000 | 2,321,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 13,703,000 | 13,780,000 | 13,825,000 | 13,880,000 |