Call reports 2024
GENERATIONS BANK — 2024
What GENERATIONS 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 | 913,399,000 | 917,805,000 | 943,702,000 | 965,242,000 |
| Total loans | 637,530,000 | 650,250,000 | 660,135,000 | 664,596,000 |
| Allowance for loan losses | 6,187,000 | 6,087,000 | 6,301,000 | 6,676,000 |
| Securities available for sale | 198,425,000 | 206,210,000 | 213,991,000 | 204,503,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 762,841,000 | 758,658,000 | 799,400,000 | 832,733,000 |
| Interest-bearing deposits | 639,279,000 | 641,623,000 | 680,459,000 | 704,159,000 |
| Noninterest-bearing deposits | 123,562,000 | 117,035,000 | 118,941,000 | 128,574,000 |
| Equity capital | 89,095,000 | 91,670,000 | 97,182,000 | 96,552,000 |
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 | 13,804,000 | 28,289,000 | 43,217,000 | 58,535,000 |
| Interest expense | 5,984,000 | 12,114,000 | 18,728,000 | 25,264,000 |
| Net interest income | 7,820,000 | 16,175,000 | 24,489,000 | 33,271,000 |
| Noninterest income | 1,211,000 | 2,500,000 | 3,970,000 | 5,216,000 |
| Noninterest expense | 5,829,000 | 11,506,000 | 17,189,000 | 23,099,000 |
| Provision for loan losses | 0 | 251,000 | 501,000 | 958,000 |
| Pretax income | 3,202,000 | 6,918,000 | 10,769,000 | 14,520,000 |
| Income tax | 731,000 | 1,592,000 | 2,494,000 | 3,371,000 |
| Net income | 2,471,000 | 5,326,000 | 8,275,000 | 11,149,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 97,508,000 | 99,067,000 | 102,045,000 | 103,802,000 |
| Total capital | 104,436,000 | 105,895,000 | 109,087,000 | 111,130,000 |
| Risk-weighted assets | 722,842,000 | 736,380,000 | 742,656,000 | 769,670,000 |