Call reports 2024
FIRST METRO BANK — 2024
What FIRST METRO 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 | 1,004,090,000 | 968,207,000 | 983,909,000 | 981,881,000 |
| Total loans | 553,632,000 | 563,932,000 | 574,505,000 | 569,653,000 |
| Allowance for loan losses | 5,410,000 | 5,395,000 | 5,553,000 | 6,436,000 |
| Securities available for sale | 209,104,000 | 205,538,000 | 214,299,000 | 211,561,000 |
| Securities held to maturity | 77,451,000 | 67,763,000 | 49,033,000 | 41,316,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 859,666,000 | 854,258,000 | 884,688,000 | 888,555,000 |
| Interest-bearing deposits | 833,177,000 | 826,657,000 | 859,683,000 | 864,992,000 |
| Noninterest-bearing deposits | 26,489,000 | 27,601,000 | 25,005,000 | 23,563,000 |
| Equity capital | 77,595,000 | 83,747,000 | 94,258,000 | 88,001,000 |
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 | 11,568,000 | 23,876,000 | 36,301,000 | 48,749,000 |
| Interest expense | 3,294,000 | 6,650,000 | 10,202,000 | 13,819,000 |
| Net interest income | 8,274,000 | 17,226,000 | 26,099,000 | 34,930,000 |
| Noninterest income | 1,072,000 | 2,197,000 | 3,371,000 | 4,459,000 |
| Noninterest expense | 4,236,000 | 8,472,000 | 12,713,000 | 17,062,000 |
| Provision for loan losses | 138,000 | 238,000 | 538,000 | 1,494,000 |
| Pretax income | 4,972,000 | 10,713,000 | 16,219,000 | 20,833,000 |
| Income tax | 1,295,000 | 2,792,000 | 4,226,000 | 5,107,000 |
| Net income | 3,677,000 | 7,921,000 | 11,993,000 | 15,726,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 108,204,000 | 112,450,000 | 116,522,000 | 116,002,000 |