Call reports 2024
THREAD BANK — 2024
What THREAD 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 | 721,897,000 | 709,471,000 | 703,208,000 | 768,394,000 |
| Total loans | 268,441,000 | 316,605,000 | 308,987,000 | 321,741,000 |
| Allowance for loan losses | 2,189,000 | 2,861,000 | 2,979,000 | 3,252,000 |
| Securities available for sale | 209,468,000 | 209,619,000 | 210,297,000 | 230,677,000 |
| Securities held to maturity | 60,833,000 | 60,121,000 | 55,455,000 | 52,814,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 636,126,000 | 647,338,000 | 618,144,000 | 698,646,000 |
| Interest-bearing deposits | 584,825,000 | 571,311,000 | 555,551,000 | 636,854,000 |
| Noninterest-bearing deposits | 51,301,000 | 76,027,000 | 62,593,000 | 61,792,000 |
| Equity capital | 53,956,000 | 55,394,000 | 56,403,000 | 62,143,000 |
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 | 10,238,000 | 20,935,000 | 31,853,000 | 42,611,000 |
| Interest expense | 6,348,000 | 12,530,000 | 18,791,000 | 24,232,000 |
| Net interest income | 3,890,000 | 8,405,000 | 13,062,000 | 18,379,000 |
| Noninterest income | 1,475,000 | 3,583,000 | 6,201,000 | 9,436,000 |
| Noninterest expense | 4,683,000 | 10,144,000 | 15,837,000 | 22,169,000 |
| Provision for loan losses | 426,000 | 1,106,000 | 1,424,000 | 2,195,000 |
| Pretax income | 256,000 | 738,000 | 2,002,000 | 3,450,000 |
| Income tax | 0 | 0 | 0 | -3,625,000 |
| Net income | 256,000 | 738,000 | 2,002,000 | 7,075,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 65,228,000 | 66,013,000 | 67,485,000 | 69,844,000 |
| Total capital | 67,427,000 | 68,885,000 | 70,475,000 | 73,107,000 |
| Risk-weighted assets | 325,636,000 | 357,699,000 | 318,918,000 | 332,217,000 |