Call reports 2024
ARMSTRONG BANK — 2024
What ARMSTRONG 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 | 2,475,391,000 | 2,445,967,000 | 2,428,716,000 | 2,491,998,000 |
| Total loans | 1,521,876,000 | 1,552,777,000 | 1,565,705,000 | 1,605,522,000 |
| Allowance for loan losses | 17,339,000 | 17,499,000 | 17,071,000 | 16,859,000 |
| Securities available for sale | 732,644,000 | 683,625,000 | 694,551,000 | 652,366,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 2,296,648,000 | 2,262,376,000 | 2,226,560,000 | 2,299,342,000 |
| Interest-bearing deposits | 1,714,195,000 | 1,685,868,000 | 1,664,060,000 | 1,729,441,000 |
| Noninterest-bearing deposits | 582,453,000 | 576,508,000 | 562,500,000 | 569,901,000 |
| Equity capital | 164,781,000 | 168,640,000 | 186,613,000 | 177,409,000 |
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 | 28,953,000 | 58,967,000 | 89,671,000 | 120,766,000 |
| Interest expense | 14,576,000 | 28,903,000 | 43,173,000 | 56,498,000 |
| Net interest income | 14,377,000 | 30,064,000 | 46,498,000 | 64,268,000 |
| Noninterest income | 5,134,000 | 10,412,000 | 16,571,000 | 22,342,000 |
| Noninterest expense | 16,413,000 | 31,663,000 | 47,326,000 | 64,773,000 |
| Provision for loan losses | 467,000 | 921,000 | 1,385,000 | 1,450,000 |
| Pretax income | 2,642,000 | 7,863,000 | 14,348,000 | 20,548,000 |
| Income tax | 101,000 | 276,000 | 508,000 | 1,221,000 |
| Net income | 2,541,000 | 7,587,000 | 13,840,000 | 19,327,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 235,858,000 | 240,421,000 | 243,868,000 | 246,553,000 |
| Total capital | 254,293,000 | 258,808,000 | 261,826,000 | 264,128,000 |
| Risk-weighted assets | 1,643,059,000 | 1,662,408,000 | 1,667,431,000 | 1,719,825,000 |