Call reports 2024
PRIMARY BANK — 2024
What PRIMARY 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 | 697,280,000 | 706,680,000 | 716,744,000 | 708,844,000 |
| Total loans | 585,578,000 | 594,567,000 | 599,117,000 | 599,070,000 |
| Allowance for loan losses | 6,036,000 | 5,786,000 | 5,836,000 | 5,862,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 10,078,000 | 9,958,000 | 9,816,000 | 9,705,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 594,743,000 | 602,024,000 | 614,764,000 | 603,651,000 |
| Interest-bearing deposits | 427,671,000 | 414,478,000 | 417,674,000 | 406,724,000 |
| Noninterest-bearing deposits | 167,072,000 | 187,546,000 | 197,090,000 | 196,927,000 |
| Equity capital | 90,844,000 | 93,282,000 | 96,571,000 | 99,876,000 |
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 | 9,598,000 | 19,402,000 | 29,403,000 | 39,749,000 |
| Interest expense | 3,304,000 | 6,526,000 | 9,916,000 | 13,199,000 |
| Net interest income | 6,294,000 | 12,876,000 | 19,487,000 | 26,550,000 |
| Noninterest income | 126,000 | 270,000 | 411,000 | 609,000 |
| Noninterest expense | 2,643,000 | 5,892,000 | 8,893,000 | 11,868,000 |
| Provision for loan losses | 160,000 | 76,000 | 125,000 | 231,000 |
| Pretax income | 3,617,000 | 6,817,000 | 10,478,000 | 14,658,000 |
| Income tax | 995,000 | 1,869,000 | 2,858,000 | 3,986,000 |
| Net income | 2,622,000 | 4,948,000 | 7,620,000 | 10,672,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 90,843,000 | 93,282,000 | 96,571,000 | 99,876,000 |
| Total capital | 96,879,000 | 100,105,000 | 103,485,000 | 106,816,000 |
| Risk-weighted assets | 622,125,000 | 636,563,000 | 645,008,000 | 649,150,000 |