Call reports 2024
FOUNDATION ONE BANK — 2024
What FOUNDATION ONE 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 | 175,991,000 | 180,628,000 | 179,831,000 | 176,294,000 |
| Total loans | 141,639,000 | 142,606,000 | 139,690,000 | 142,593,000 |
| Allowance for loan losses | 1,790,000 | 1,771,000 | 1,772,000 | 1,781,000 |
| Securities available for sale | 27,045,000 | 27,067,000 | 28,966,000 | 25,652,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 145,454,000 | 149,231,000 | 149,762,000 | 145,805,000 |
| Interest-bearing deposits | 118,703,000 | 121,423,000 | 123,387,000 | 121,083,000 |
| Noninterest-bearing deposits | 26,751,000 | 27,808,000 | 26,375,000 | 24,722,000 |
| Equity capital | 18,207,000 | 18,316,000 | 18,565,000 | 18,466,000 |
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 | 2,292,000 | 4,651,000 | 7,097,000 | 9,540,000 |
| Interest expense | 1,284,000 | 2,620,000 | 3,995,000 | 5,338,000 |
| Net interest income | 1,008,000 | 2,031,000 | 3,102,000 | 4,202,000 |
| Noninterest income | 76,000 | 184,000 | 225,000 | 266,000 |
| Noninterest expense | 1,024,000 | 2,013,000 | 2,992,000 | 4,048,000 |
| Provision for loan losses | 0 | 0 | 0 | 138,000 |
| Pretax income | 60,000 | 202,000 | 335,000 | 282,000 |
| Income tax | 12,000 | 42,000 | 72,000 | 65,000 |
| Net income | 48,000 | 160,000 | 263,000 | 217,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 17,798,000 | 17,898,000 | 18,001,000 | 17,954,000 |