Call reports 2024
FREEPORT STATE BANK — 2024
What FREEPORT 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 | 161,719,000 | 163,373,000 | 168,421,000 | 166,499,000 |
| Total loans | 96,484,000 | 101,318,000 | 103,567,000 | 103,529,000 |
| Allowance for loan losses | 866,000 | 869,000 | 870,000 | 872,000 |
| Securities available for sale | 17,623,000 | 17,657,000 | 18,294,000 | 17,938,000 |
| Securities held to maturity | 25,602,000 | 26,461,000 | 26,444,000 | 26,177,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 147,511,000 | 148,771,000 | 152,658,000 | 151,228,000 |
| Interest-bearing deposits | 110,113,000 | 112,008,000 | 113,149,000 | 113,994,000 |
| Noninterest-bearing deposits | 37,398,000 | 36,763,000 | 39,509,000 | 37,234,000 |
| Equity capital | 13,143,000 | 13,527,000 | 14,391,000 | 14,331,000 |
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 | 1,825,000 | 3,776,000 | 5,834,000 | 7,950,000 |
| Interest expense | 456,000 | 959,000 | 1,491,000 | 2,027,000 |
| Net interest income | 1,369,000 | 2,817,000 | 4,343,000 | 5,923,000 |
| Noninterest income | 63,000 | 134,000 | 203,000 | 267,000 |
| Noninterest expense | 1,041,000 | 2,085,000 | 3,135,000 | 4,489,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 391,000 | 866,000 | 1,411,000 | 1,701,000 |
| Income tax | 93,000 | 208,000 | 342,000 | 439,000 |
| Net income | 298,000 | 658,000 | 1,069,000 | 1,262,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 14,815,000 | 15,175,000 | 15,586,000 | 15,779,000 |
| Total capital | 15,681,000 | 16,044,000 | 16,456,000 | 16,651,000 |
| Risk-weighted assets | 104,899,000 | 108,447,000 | 110,270,000 | 109,179,000 |