Call reports 2024
BANK OF OCEAN CITY — 2024
What BANK OF OCEAN CITY 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 | 611,498,000 | 634,804,000 | 681,121,000 | 657,961,000 |
| Total loans | 427,668,000 | 438,590,000 | 445,877,000 | 448,104,000 |
| Allowance for loan losses | 2,762,000 | 2,833,000 | 2,812,000 | 2,811,000 |
| Securities available for sale | 12,651,000 | 12,527,000 | 13,669,000 | 12,763,000 |
| Securities held to maturity | 137,810,000 | 136,629,000 | 128,915,000 | 124,634,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 545,379,000 | 570,366,000 | 613,905,000 | 589,683,000 |
| Interest-bearing deposits | 372,231,000 | 386,236,000 | 399,969,000 | 413,868,000 |
| Noninterest-bearing deposits | 173,148,000 | 184,130,000 | 213,936,000 | 175,815,000 |
| Equity capital | 61,374,000 | 62,547,000 | 64,957,000 | 65,588,000 |
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 | 6,235,000 | 12,774,000 | 20,287,000 | 27,904,000 |
| Interest expense | 2,546,000 | 5,296,000 | 8,098,000 | 10,967,000 |
| Net interest income | 3,689,000 | 7,478,000 | 12,189,000 | 16,937,000 |
| Noninterest income | 307,000 | 903,000 | 1,364,000 | 1,668,000 |
| Noninterest expense | 2,366,000 | 4,934,000 | 7,447,000 | 10,354,000 |
| Provision for loan losses | 0 | 74,000 | 74,000 | 74,000 |
| Pretax income | 1,630,000 | 3,413,000 | 6,072,000 | 8,235,000 |
| Income tax | 402,000 | 836,000 | 1,464,000 | 1,916,000 |
| Net income | 1,228,000 | 2,577,000 | 4,608,000 | 6,319,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 63,553,000 | 64,571,000 | 66,601,000 | 67,649,000 |
| Total capital | 66,483,000 | 67,533,000 | 69,542,000 | 70,570,000 |
| Risk-weighted assets | 452,666,000 | 463,811,000 | 471,248,000 | 475,155,000 |