Call reports 2024
1ST SECURITY BANK OF WASHINGTON — 2024
What 1ST SECURITY BANK OF WASHINGTON 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 | 2,969,744,000 | 2,941,161,000 | 2,969,996,000 | 3,028,747,000 |
| Total loans | 2,496,971,000 | 2,542,262,000 | 2,544,424,000 | 2,561,715,000 |
| Allowance for loan losses | 31,479,000 | 31,238,000 | 31,232,000 | 31,870,000 |
| Securities available for sale | 279,643,000 | 221,182,000 | 228,198,000 | 281,175,000 |
| Securities held to maturity | 8,500,000 | 8,500,000 | 8,500,000 | 8,500,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 2,487,620,000 | 2,402,343,000 | 2,446,106,000 | 2,359,685,000 |
| Interest-bearing deposits | 1,818,475,000 | 1,759,536,000 | 1,769,709,000 | 1,701,358,000 |
| Noninterest-bearing deposits | 669,145,000 | 642,807,000 | 676,397,000 | 658,327,000 |
| Equity capital | 318,513,000 | 326,644,000 | 331,337,000 | 336,578,000 |
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 | 44,882,000 | 90,819,000 | 137,863,000 | 184,838,000 |
| Interest expense | 14,050,000 | 29,102,000 | 44,417,000 | 59,791,000 |
| Net interest income | 30,832,000 | 61,717,000 | 93,446,000 | 125,047,000 |
| Noninterest income | 13,012,000 | 18,757,000 | 24,168,000 | 29,360,000 |
| Noninterest expense | 23,344,000 | 47,082,000 | 72,268,000 | 97,084,000 |
| Provision for loan losses | 1,421,000 | 2,422,000 | 4,014,000 | 5,635,000 |
| Pretax income | 11,103,000 | 23,069,000 | 33,521,000 | 43,975,000 |
| Income tax | 2,248,000 | 4,753,000 | 4,453,000 | 7,045,000 |
| Net income | 8,855,000 | 18,316,000 | 29,068,000 | 36,930,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 314,938,000 | 323,105,000 | 331,442,000 | 336,416,000 |
| Total capital | 346,548,000 | 355,165,000 | 363,520,000 | 368,953,000 |
| Risk-weighted assets | 2,527,403,000 | 2,564,031,000 | 2,565,534,000 | 2,602,175,000 |