Call reports 2024
SOLUTIONS NORTH BANK — 2024
What SOLUTIONS NORTH 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 | 310,440,000 | 303,122,000 | 493,274,000 | 477,203,000 |
| Total loans | 197,898,000 | 202,639,000 | 291,853,000 | 283,812,000 |
| Allowance for loan losses | 4,682,000 | 4,742,000 | 4,776,000 | 4,853,000 |
| Securities available for sale | 73,248,000 | 71,490,000 | 96,773,000 | 127,148,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 255,793,000 | 249,228,000 | 423,215,000 | 409,229,000 |
| Interest-bearing deposits | 215,679,000 | 210,255,000 | 348,374,000 | 336,402,000 |
| Noninterest-bearing deposits | 40,114,000 | 38,973,000 | 74,841,000 | 72,827,000 |
| Equity capital | 35,818,000 | 36,700,000 | 51,506,000 | 50,398,000 |
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 | 3,963,000 | 7,958,000 | 14,726,000 | 21,440,000 |
| Interest expense | 1,211,000 | 2,470,000 | 4,947,000 | 7,385,000 |
| Net interest income | 2,752,000 | 5,488,000 | 9,779,000 | 14,055,000 |
| Noninterest income | 188,000 | 400,000 | 777,000 | 1,097,000 |
| Noninterest expense | 1,772,000 | 4,048,000 | 8,533,000 | 11,891,000 |
| Provision for loan losses | 66,000 | 134,000 | 219,000 | 301,000 |
| Pretax income | 1,102,000 | 1,973,000 | 1,912,000 | 3,082,000 |
| Income tax | 279,000 | 439,000 | 500,000 | 606,000 |
| Net income | 823,000 | 1,534,000 | 1,412,000 | 2,476,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 41,364,000 | 42,075,000 | 43,647,000 | 44,727,000 |
| Total capital | 44,518,000 | 45,261,000 | 48,317,000 | 49,121,000 |
| Risk-weighted assets | 250,755,000 | 253,351,000 | 373,454,000 | 351,083,000 |