Call reports 2024
CLARE BANK, NATIONAL ASSOCIATION — 2024
What CLARE BANK, NATIONAL ASSOCIATION 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 | 321,408,000 | 312,919,000 | 311,846,000 | 326,615,000 |
| Total loans | 140,980,000 | 143,508,000 | 144,530,000 | 156,974,000 |
| Allowance for loan losses | 689,000 | 689,000 | 689,000 | 730,000 |
| Securities available for sale | 119,491,000 | 115,815,000 | 114,904,000 | 111,323,000 |
| Securities held to maturity | 43,924,000 | 43,368,000 | 42,768,000 | 42,046,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 279,360,000 | 270,248,000 | 259,202,000 | 278,498,000 |
| Interest-bearing deposits | 230,947,000 | 220,433,000 | 209,318,000 | 220,631,000 |
| Noninterest-bearing deposits | 48,413,000 | 49,815,000 | 49,884,000 | 57,867,000 |
| Equity capital | 20,231,000 | 20,476,000 | 24,565,000 | 22,757,000 |
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 | 2,595,000 | 5,215,000 | 8,020,000 | 10,823,000 |
| Interest expense | 1,565,000 | 3,108,000 | 4,751,000 | 6,234,000 |
| Net interest income | 1,030,000 | 2,107,000 | 3,269,000 | 4,589,000 |
| Noninterest income | 85,000 | 177,000 | 261,000 | 350,000 |
| Noninterest expense | 1,154,000 | 2,307,000 | 3,428,000 | 4,528,000 |
| Provision for loan losses | 0 | 0 | 0 | 40,000 |
| Pretax income | 22,000 | 30,000 | 159,000 | 426,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 22,000 | 30,000 | 159,000 | 426,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 37,599,000 | 37,607,000 | 37,735,000 | 38,003,000 |
| Total capital | — | 38,311,000 | — | 38,753,000 |
| Risk-weighted assets | — | 129,474,000 | — | 145,989,000 |