Call reports 2024
OPTUS BANK — 2024
What OPTUS 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 | 548,441,000 | 591,687,000 | 615,384,000 | 662,589,000 |
| Total loans | 314,282,000 | 350,362,000 | 356,222,000 | 383,927,000 |
| Allowance for loan losses | 1,458,000 | 1,418,000 | 1,450,000 | 1,798,000 |
| Securities available for sale | 87,422,000 | 116,462,000 | 118,356,000 | 129,054,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 461,123,000 | 462,777,000 | 520,358,000 | 544,596,000 |
| Interest-bearing deposits | 363,352,000 | 372,638,000 | 447,403,000 | 484,291,000 |
| Noninterest-bearing deposits | 97,771,000 | 90,139,000 | 72,955,000 | 60,305,000 |
| Equity capital | 71,692,000 | 74,179,000 | 78,538,000 | 77,053,000 |
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 | 7,653,000 | 16,070,000 | 25,048,000 | 34,413,000 |
| Interest expense | 3,281,000 | 7,051,000 | 11,451,000 | 15,955,000 |
| Net interest income | 4,372,000 | 9,019,000 | 13,597,000 | 18,458,000 |
| Noninterest income | 209,000 | 375,000 | 532,000 | 2,311,000 |
| Noninterest expense | 2,419,000 | 4,923,000 | 7,482,000 | 10,465,000 |
| Provision for loan losses | 70,000 | 94,000 | 308,000 | 784,000 |
| Pretax income | 2,086,000 | 4,361,000 | 6,287,000 | 9,495,000 |
| Income tax | 481,000 | 1,020,000 | 1,484,000 | 2,224,000 |
| Net income | 1,605,000 | 3,341,000 | 4,803,000 | 7,271,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 73,371,000 | 75,107,000 | 76,569,000 | 79,036,000 |
| Total capital | 74,868,000 | 76,574,000 | 78,104,000 | 80,903,000 |
| Risk-weighted assets | 400,915,000 | 441,386,000 | 394,570,000 | 425,537,000 |