Call reports 2024
42 NORTH PRIVATE BANK — 2024
What 42 NORTH PRIVATE 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 | 234,574,000 | 230,545,000 | 217,225,000 | 209,944,000 |
| Total loans | 193,368,000 | 185,739,000 | 180,549,000 | 173,306,000 |
| Allowance for loan losses | 2,088,000 | 2,124,000 | 2,219,000 | 2,071,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 169,280,000 | 168,291,000 | 153,797,000 | 151,171,000 |
| Interest-bearing deposits | 168,192,000 | 166,947,000 | 152,418,000 | 149,284,000 |
| Noninterest-bearing deposits | 1,088,000 | 1,344,000 | 1,379,000 | 1,887,000 |
| Equity capital | 21,277,000 | 20,257,000 | 20,752,000 | 19,457,000 |
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 | 3,065,000 | 6,170,000 | 9,275,000 | 12,046,000 |
| Interest expense | 2,341,000 | 4,836,000 | 7,121,000 | 9,200,000 |
| Net interest income | 724,000 | 1,334,000 | 2,154,000 | 2,846,000 |
| Noninterest income | 10,000 | 17,000 | 25,000 | 31,000 |
| Noninterest expense | 1,779,000 | 3,417,000 | 5,199,000 | 7,192,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | -1,045,000 | -2,066,000 | -3,020,000 | -4,315,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | -1,045,000 | -2,066,000 | -3,020,000 | -4,315,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 21,277,000 | 20,256,000 | 20,752,000 | 19,457,000 |
| Total capital | 23,063,000 | 21,956,000 | 22,392,000 | 21,030,000 |
| Risk-weighted assets | 142,345,000 | 135,388,000 | 130,434,000 | 125,111,000 |