Call reports 2024
SERVBANK, NATIONAL ASSOCIATION — 2024
What SERVBANK, NATIONAL ASSOCIATION 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 | 753,761,000 | 793,876,000 | 880,079,000 | 817,056,000 |
| Total loans | 171,010,000 | 196,804,000 | 217,150,000 | 264,035,000 |
| Allowance for loan losses | 1,829,000 | 1,953,000 | 2,294,000 | 3,075,000 |
| Securities available for sale | 265,947,000 | 312,413,000 | 223,708,000 | 174,096,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 425,585,000 | 472,962,000 | 534,118,000 | 456,589,000 |
| Interest-bearing deposits | 60,498,000 | 56,112,000 | 53,249,000 | 76,517,000 |
| Noninterest-bearing deposits | 365,087,000 | 416,850,000 | 480,869,000 | 380,072,000 |
| Equity capital | 132,912,000 | 148,054,000 | 165,823,000 | 175,105,000 |
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 | 8,117,000 | 17,693,000 | 29,502,000 | 40,224,000 |
| Interest expense | 479,000 | 927,000 | 1,235,000 | 1,636,000 |
| Net interest income | 7,638,000 | 16,766,000 | 28,267,000 | 38,588,000 |
| Noninterest income | 36,851,000 | 71,656,000 | 106,000,000 | 136,273,000 |
| Noninterest expense | 26,706,000 | 49,746,000 | 73,257,000 | 99,474,000 |
| Provision for loan losses | 150,000 | 250,000 | 576,000 | 1,352,000 |
| Pretax income | 17,618,000 | 38,411,000 | 60,419,000 | 73,847,000 |
| Income tax | 4,677,000 | 10,031,000 | 15,777,000 | 19,233,000 |
| Net income | 12,941,000 | 28,380,000 | 44,642,000 | 54,614,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 124,935,000 | 140,387,000 | 156,715,000 | 166,726,000 |