Call reports 2024
FIRST STATE BANK OF RED WING, THE — 2024
What FIRST STATE BANK OF RED WING, THE 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 | 82,915,000 | 79,613,000 | 82,644,000 | 80,557,000 |
| Total loans | 33,639,000 | 32,930,000 | 33,701,000 | 32,877,000 |
| Allowance for loan losses | 305,000 | 305,000 | 305,000 | 305,000 |
| Securities available for sale | 39,143,000 | 38,142,000 | 39,300,000 | 37,446,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 76,651,000 | 76,396,000 | 77,786,000 | 79,592,000 |
| Interest-bearing deposits | 62,836,000 | 63,380,000 | 64,119,000 | 66,263,000 |
| Noninterest-bearing deposits | 13,815,000 | 13,016,000 | 13,667,000 | 13,329,000 |
| Equity capital | 508,000 | 458,000 | 2,170,000 | 804,000 |
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 | 741,000 | 1,517,000 | 2,280,000 | 3,064,000 |
| Interest expense | 301,000 | 716,000 | 970,000 | 1,294,000 |
| Net interest income | 440,000 | 801,000 | 1,310,000 | 1,770,000 |
| Noninterest income | 30,000 | 68,000 | 113,000 | 148,000 |
| Noninterest expense | 502,000 | 933,000 | 1,390,000 | 1,847,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | -33,000 | -66,000 | 34,000 | 69,000 |
| Income tax | 1,000 | 1,000 | 1,000 | 1,000 |
| Net income | -34,000 | -67,000 | 33,000 | 68,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 7,844,000 | 7,811,000 | 7,911,000 | 7,946,000 |
| Total capital | 8,149,000 | 8,116,000 | 8,216,000 | 8,251,000 |
| Risk-weighted assets | 40,087,000 | 38,733,000 | 38,747,000 | 37,784,000 |