Call reports 2024
WATERMAN BANK — 2024
What WATERMAN 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 | 148,973,000 | 152,283,000 | 153,591,000 | 155,780,000 |
| Total loans | 98,231,000 | 108,340,000 | 105,872,000 | 104,313,000 |
| Allowance for loan losses | 522,000 | 582,000 | 642,000 | 702,000 |
| Securities available for sale | 20,744,000 | 16,767,000 | 12,386,000 | 9,161,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 123,754,000 | 125,694,000 | 125,909,000 | 128,148,000 |
| Interest-bearing deposits | 115,528,000 | 9,377,000 | 98,765,000 | 121,207,000 |
| Noninterest-bearing deposits | 8,226,000 | 116,317,000 | 27,144,000 | 6,941,000 |
| Equity capital | 23,052,000 | 23,450,000 | 23,986,000 | 24,451,000 |
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 | 2,585,000 | 5,412,000 | 8,214,000 | 11,059,000 |
| Interest expense | 840,000 | 1,755,000 | 2,687,000 | 3,662,000 |
| Net interest income | 1,745,000 | 3,657,000 | 5,527,000 | 7,397,000 |
| Noninterest income | 143,000 | 534,000 | 1,082,000 | 1,600,000 |
| Noninterest expense | 1,795,000 | 3,509,000 | 5,310,000 | 7,292,000 |
| Provision for loan losses | -56,000 | 4,000 | 64,000 | 124,000 |
| Pretax income | 149,000 | 678,000 | 1,235,000 | 1,581,000 |
| Income tax | 45,000 | 207,000 | 377,000 | 484,000 |
| Net income | 104,000 | 471,000 | 858,000 | 1,097,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 19,315,000 | 19,708,000 | 20,174,000 | 20,814,000 |
| Total capital | 19,838,000 | 20,290,000 | 20,816,000 | 21,516,000 |
| Risk-weighted assets | 105,873,000 | 109,440,000 | 111,616,000 | 111,862,000 |
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