Call reports 2024
GARRETT STATE BANK, THE — 2024
What GARRETT STATE BANK, THE 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 | 343,662,000 | 354,557,000 | 346,864,000 | 360,974,000 |
| Total loans | 267,982,000 | 273,058,000 | 273,470,000 | 275,559,000 |
| Allowance for loan losses | 2,711,000 | 2,711,000 | 2,697,000 | 2,708,000 |
| Securities available for sale | 39,957,000 | 40,004,000 | 43,791,000 | 42,918,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 296,532,000 | 293,978,000 | 285,424,000 | 305,361,000 |
| Interest-bearing deposits | 234,534,000 | 234,622,000 | 229,228,000 | 242,353,000 |
| Noninterest-bearing deposits | 61,998,000 | 59,356,000 | 56,196,000 | 63,008,000 |
| Equity capital | 32,837,000 | 33,516,000 | 35,206,000 | 34,665,000 |
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 | 4,121,000 | 8,553,000 | 12,984,000 | 17,526,000 |
| Interest expense | 1,581,000 | 3,226,000 | 5,011,000 | 6,826,000 |
| Net interest income | 2,540,000 | 5,327,000 | 7,973,000 | 10,700,000 |
| Noninterest income | 173,000 | 354,000 | 536,000 | 730,000 |
| Noninterest expense | 1,517,000 | 3,111,000 | 4,674,000 | 6,486,000 |
| Provision for loan losses | 103,000 | 171,000 | 158,000 | 189,000 |
| Pretax income | 1,099,000 | 2,394,000 | 3,689,000 | 4,749,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 1,099,000 | 2,394,000 | 3,689,000 | 4,749,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 34,875,000 | 35,516,000 | 36,139,000 | 36,486,000 |
| Total capital | 37,312,000 | 37,998,000 | 38,633,000 | 39,020,000 |
| Risk-weighted assets | 194,645,000 | 198,310,000 | 199,304,000 | 202,538,000 |