Call reports 2024
ESSEX BANK — 2024
What ESSEX 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 | 505,171,000 | 510,214,000 | 489,247,000 | 500,038,000 |
| Total loans | 331,780,000 | 339,838,000 | 349,988,000 | 358,231,000 |
| Allowance for loan losses | 2,975,000 | 3,020,000 | 3,065,000 | 3,125,000 |
| Securities available for sale | 68,568,000 | 68,862,000 | 66,247,000 | 59,541,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 432,147,000 | 435,698,000 | 411,869,000 | 422,111,000 |
| Interest-bearing deposits | 257,513,000 | 259,489,000 | 253,978,000 | 259,715,000 |
| Noninterest-bearing deposits | 174,634,000 | 176,209,000 | 157,891,000 | 162,396,000 |
| Equity capital | 63,218,000 | 64,606,000 | 66,823,000 | 67,494,000 |
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 | 4,948,000 | 10,149,000 | 15,331,000 | 20,553,000 |
| Interest expense | 814,000 | 1,782,000 | 2,829,000 | 4,013,000 |
| Net interest income | 4,134,000 | 8,367,000 | 12,502,000 | 16,540,000 |
| Noninterest income | 5,372,000 | 11,213,000 | 17,405,000 | 23,202,000 |
| Noninterest expense | 8,184,000 | 16,595,000 | 25,196,000 | 33,928,000 |
| Provision for loan losses | 25,000 | 70,000 | 115,000 | 175,000 |
| Pretax income | 1,277,000 | 2,895,000 | 4,576,000 | 5,619,000 |
| Income tax | 334,000 | 727,000 | 1,148,000 | 1,517,000 |
| Net income | 943,000 | 2,168,000 | 3,428,000 | 4,102,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 56,443,000 | 57,038,000 | 58,298,000 | 59,220,000 |
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