Call reports 2024
READING CO-OPERATIVE BANK — 2024
What READING CO-OPERATIVE 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 | 908,227,000 | 918,205,000 | 922,490,000 | 930,502,000 |
| Total loans | 703,368,000 | 714,361,000 | 715,781,000 | 734,255,000 |
| Allowance for loan losses | 4,766,000 | 4,863,000 | 4,610,000 | 4,741,000 |
| Securities available for sale | 147,235,000 | 146,465,000 | 149,092,000 | 139,736,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 682,628,000 | 688,314,000 | 678,202,000 | 692,307,000 |
| Interest-bearing deposits | 528,598,000 | 537,165,000 | 526,819,000 | 536,152,000 |
| Noninterest-bearing deposits | 154,030,000 | 151,149,000 | 151,383,000 | 156,155,000 |
| Equity capital | 52,004,000 | 52,072,000 | 57,315,000 | 53,280,000 |
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 | 10,573,000 | 21,439,000 | 32,602,000 | 43,949,000 |
| Interest expense | 5,261,000 | 10,639,000 | 16,210,000 | 21,641,000 |
| Net interest income | 5,312,000 | 10,800,000 | 16,392,000 | 22,308,000 |
| Noninterest income | 514,000 | 1,014,000 | 1,804,000 | 2,325,000 |
| Noninterest expense | 5,493,000 | 10,850,000 | 16,255,000 | 21,409,000 |
| Provision for loan losses | 92,000 | 323,000 | 461,000 | 771,000 |
| Pretax income | 367,000 | 815,000 | 1,466,000 | 2,417,000 |
| Income tax | 110,000 | 185,000 | 297,000 | 471,000 |
| Net income | 257,000 | 630,000 | 1,169,000 | 1,946,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 68,933,000 | 69,333,000 | 69,896,000 | 70,697,000 |
| Total capital | 73,979,000 | 74,428,000 | 74,740,000 | 75,692,000 |
| Risk-weighted assets | 576,062,000 | 592,154,000 | 602,968,000 | 617,407,000 |