Call reports 2024
LEGENDS WEST BANK — 2024
What LEGENDS WEST 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 | 47,958,000 | 58,270,000 | 74,177,000 | 79,475,000 |
| Total loans | 35,152,000 | 49,577,000 | 60,985,000 | 64,941,000 |
| Allowance for loan losses | 302,000 | 452,000 | 653,000 | 951,000 |
| Securities available for sale | 2,650,000 | 2,663,000 | 2,576,000 | 2,321,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 33,364,000 | 43,548,000 | 59,187,000 | 64,997,000 |
| Interest-bearing deposits | 27,507,000 | 37,421,000 | 54,133,000 | 58,425,000 |
| Noninterest-bearing deposits | 5,857,000 | 6,127,000 | 5,054,000 | 6,572,000 |
| Equity capital | 14,363,000 | 14,390,000 | 14,525,000 | 14,236,000 |
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 | 769,000 | 1,840,000 | 3,163,000 | 4,486,000 |
| Interest expense | 178,000 | 493,000 | 1,006,000 | 1,640,000 |
| Net interest income | 591,000 | 1,347,000 | 2,157,000 | 2,846,000 |
| Noninterest income | 10,000 | 31,000 | 50,000 | 67,000 |
| Noninterest expense | 438,000 | 1,030,000 | 1,556,000 | 2,291,000 |
| Provision for loan losses | 60,000 | 210,000 | 410,000 | 710,000 |
| Pretax income | 103,000 | 138,000 | 241,000 | -88,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 103,000 | 138,000 | 241,000 | -88,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 13,738,000 | 13,789,000 | 13,909,000 | 13,647,000 |