Call reports 2024
AMERICAN COMMUNITY BANK — 2024
What AMERICAN COMMUNITY 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 | 267,168,000 | 273,086,000 | 285,121,000 | 276,428,000 |
| Total loans | 215,247,000 | 219,377,000 | 221,349,000 | 225,727,000 |
| Allowance for loan losses | 2,422,000 | 2,478,000 | 2,478,000 | 2,628,000 |
| Securities available for sale | 25,722,000 | 25,653,000 | 25,663,000 | 25,183,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 201,843,000 | 206,978,000 | 227,671,000 | 216,703,000 |
| Interest-bearing deposits | 125,600,000 | 129,397,000 | 151,325,000 | 146,147,000 |
| Noninterest-bearing deposits | 76,243,000 | 77,581,000 | 76,346,000 | 70,556,000 |
| Equity capital | 32,625,000 | 33,443,000 | 34,690,000 | 35,552,000 |
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 | 3,613,000 | 7,261,000 | 11,205,000 | 15,170,000 |
| Interest expense | 971,000 | 2,025,000 | 3,189,000 | 4,325,000 |
| Net interest income | 2,642,000 | 5,236,000 | 8,016,000 | 10,845,000 |
| Noninterest income | 481,000 | 844,000 | 1,389,000 | 1,920,000 |
| Noninterest expense | 2,300,000 | 4,628,000 | 6,817,000 | 9,042,000 |
| Provision for loan losses | 75,000 | 150,000 | 150,000 | 300,000 |
| Pretax income | 670,000 | 1,224,000 | 2,360,000 | 3,345,000 |
| Income tax | 150,000 | 275,000 | 531,000 | 752,000 |
| Net income | 520,000 | 949,000 | 1,829,000 | 2,593,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 35,482,000 | 36,148,000 | 37,081,000 | 37,913,000 |