Call reports 2024
BANK OF LABOR — 2024
What BANK OF LABOR 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 | 1,000,959,000 | 978,012,000 | 986,318,000 | 933,539,000 |
| Total loans | 343,578,000 | 334,803,000 | 336,226,000 | 336,039,000 |
| Allowance for loan losses | 4,391,000 | 4,850,000 | 4,945,000 | 5,042,000 |
| Securities available for sale | 430,557,000 | 443,787,000 | 478,655,000 | 464,032,000 |
| Securities held to maturity | 37,221,000 | 37,198,000 | 28,877,000 | 22,806,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 900,237,000 | 899,943,000 | 915,589,000 | 874,113,000 |
| Interest-bearing deposits | 634,656,000 | 663,240,000 | 675,295,000 | 635,110,000 |
| Noninterest-bearing deposits | 265,581,000 | 236,703,000 | 240,294,000 | 239,003,000 |
| Equity capital | 21,473,000 | 24,014,000 | 37,079,000 | 29,540,000 |
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 | 11,265,000 | 23,166,000 | 34,990,000 | 46,192,000 |
| Interest expense | 2,681,000 | 5,968,000 | 9,050,000 | 11,744,000 |
| Net interest income | 8,584,000 | 17,198,000 | 25,940,000 | 34,448,000 |
| Noninterest income | 1,891,000 | 3,803,000 | 5,825,000 | 7,727,000 |
| Noninterest expense | 7,098,000 | 13,578,000 | 21,063,000 | 28,952,000 |
| Provision for loan losses | 175,000 | 625,000 | 725,000 | 875,000 |
| Pretax income | 3,152,000 | 6,878,000 | 10,056,000 | 12,419,000 |
| Income tax | 769,000 | 1,679,000 | 2,454,000 | 3,034,000 |
| Net income | 2,383,000 | 5,199,000 | 7,602,000 | 9,385,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 71,218,000 | 73,434,000 | 75,492,000 | 76,462,000 |
| Total capital | 76,164,000 | 78,738,000 | 80,893,000 | 81,968,000 |
| Risk-weighted assets | 572,875,000 | 564,333,000 | 566,389,000 | 569,673,000 |