Call reports 2024
MILFORD FEDERAL BANK — 2024
What MILFORD FEDERAL 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 | 507,251,000 | 501,543,000 | 507,007,000 | 524,218,000 |
| Total loans | 437,284,000 | 437,482,000 | 442,848,000 | 448,343,000 |
| Allowance for loan losses | 1,968,000 | 1,943,000 | 1,966,000 | 1,989,000 |
| Securities available for sale | 22,051,000 | 21,536,000 | 23,413,000 | 21,822,000 |
| Securities held to maturity | 40,000 | 38,000 | 37,000 | 35,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 374,974,000 | 373,888,000 | 370,962,000 | 394,947,000 |
| Interest-bearing deposits | 338,139,000 | 335,318,000 | 336,665,000 | 360,446,000 |
| Noninterest-bearing deposits | 36,835,000 | 38,570,000 | 34,297,000 | 34,501,000 |
| Equity capital | 55,533,000 | 55,975,000 | 56,926,000 | 56,303,000 |
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 | 4,935,000 | 10,002,000 | 15,189,000 | 20,607,000 |
| Interest expense | 2,038,000 | 4,281,000 | 6,627,000 | 9,211,000 |
| Net interest income | 2,897,000 | 5,721,000 | 8,562,000 | 11,396,000 |
| Noninterest income | 487,000 | 1,002,000 | 1,516,000 | 2,032,000 |
| Noninterest expense | 3,144,000 | 6,144,000 | 9,102,000 | 12,346,000 |
| Provision for loan losses | -108,000 | -112,000 | -89,000 | -63,000 |
| Pretax income | 351,000 | 691,000 | 1,061,000 | 1,137,000 |
| Income tax | 69,000 | 136,000 | 210,000 | 173,000 |
| Net income | 282,000 | 555,000 | 851,000 | 964,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 57,440,000 | 57,716,000 | 58,015,000 | 58,126,000 |
| Total capital | 59,423,000 | 59,676,000 | 60,001,000 | — |
| Risk-weighted assets | 294,183,000 | 300,262,000 | 307,504,000 | — |