Call reports 2024
IPSWICH STATE BANK — 2024
What IPSWICH STATE 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 | 66,851,000 | 67,365,000 | 64,519,000 | 66,845,000 |
| Total loans | 26,137,000 | 28,376,000 | 29,969,000 | 32,115,000 |
| Allowance for loan losses | 255,000 | 255,000 | 255,000 | 255,000 |
| Securities available for sale | 19,709,000 | 16,643,000 | 14,252,000 | 13,419,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 56,906,000 | 56,991,000 | 53,660,000 | 55,692,000 |
| Interest-bearing deposits | 40,394,000 | 41,213,000 | 38,696,000 | 39,175,000 |
| Noninterest-bearing deposits | 16,512,000 | 15,778,000 | 14,964,000 | 16,517,000 |
| Equity capital | 9,234,000 | 9,592,000 | 10,118,000 | 10,339,000 |
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 | 646,000 | 1,374,000 | 2,095,000 | 2,862,000 |
| Interest expense | 193,000 | 378,000 | 582,000 | 792,000 |
| Net interest income | 453,000 | 996,000 | 1,513,000 | 2,070,000 |
| Noninterest income | 16,000 | 33,000 | 52,000 | 69,000 |
| Noninterest expense | 292,000 | 588,000 | 855,000 | 1,184,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 177,000 | 441,000 | 710,000 | 955,000 |
| Income tax | 2,000 | 13,000 | 30,000 | 47,000 |
| Net income | 175,000 | 428,000 | 680,000 | 908,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 9,966,000 | 10,219,000 | 10,471,000 | 10,698,000 |
| Total capital | 10,221,000 | 10,474,000 | 10,726,000 | 10,953,000 |
| Risk-weighted assets | 31,907,000 | 33,924,000 | 35,347,000 | 37,918,000 |