Call reports 2024
COMMONWEALTH BUSINESS BANK — 2024
What COMMONWEALTH BUSINESS 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 | 1,673,223,000 | 1,654,826,000 | 1,770,480,000 | 1,815,551,000 |
| Total loans | 1,392,606,000 | 1,437,640,000 | 1,420,886,000 | 1,438,012,000 |
| Allowance for loan losses | 16,048,000 | 16,042,000 | 15,948,000 | 15,959,000 |
| Securities available for sale | 53,128,000 | 64,535,000 | 54,717,000 | 53,727,000 |
| Securities held to maturity | 6,015,000 | 8,516,000 | 8,491,000 | 8,469,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,361,172,000 | 1,341,449,000 | 1,448,547,000 | 1,481,403,000 |
| Interest-bearing deposits | 1,074,198,000 | 1,059,146,000 | 1,128,784,000 | 1,175,826,000 |
| Noninterest-bearing deposits | 286,974,000 | 282,303,000 | 319,763,000 | 305,577,000 |
| Equity capital | 240,336,000 | 244,152,000 | 249,557,000 | 254,103,000 |
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 | 28,463,000 | 56,218,000 | 84,598,000 | 113,367,000 |
| Interest expense | 12,655,000 | 25,046,000 | 37,950,000 | 51,071,000 |
| Net interest income | 15,808,000 | 31,172,000 | 46,648,000 | 62,296,000 |
| Noninterest income | 2,561,000 | 4,896,000 | 7,112,000 | 9,322,000 |
| Noninterest expense | 9,835,000 | 19,471,000 | 29,267,000 | 38,996,000 |
| Provision for loan losses | 743,000 | 943,000 | 943,000 | 943,000 |
| Pretax income | 8,134,000 | 15,997,000 | 23,993,000 | 32,122,000 |
| Income tax | 2,306,000 | 4,526,000 | 6,790,000 | 9,059,000 |
| Net income | 5,828,000 | 11,471,000 | 17,203,000 | 23,063,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 238,067,000 | 241,895,000 | 246,797,000 | 251,625,000 |
| Total capital | 254,023,000 | 258,136,000 | 262,844,000 | 267,683,000 |
| Risk-weighted assets | 1,276,172,000 | 1,323,540,000 | 1,302,273,000 | 1,327,578,000 |