Call reports 2024
BERKSHIRE BANK, THE — 2024
What BERKSHIRE 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 | 603,178,000 | 584,949,000 | 589,702,000 | 587,865,000 |
| Total loans | 243,063,000 | 239,121,000 | 235,517,000 | 205,908,000 |
| Allowance for loan losses | 8,479,000 | 9,178,000 | 9,178,000 | 9,178,000 |
| Securities available for sale | 204,937,000 | 189,595,000 | 147,533,000 | 118,535,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 472,033,000 | 452,557,000 | 453,734,000 | 452,805,000 |
| Interest-bearing deposits | 365,363,000 | 350,483,000 | 356,555,000 | 355,973,000 |
| Noninterest-bearing deposits | 106,670,000 | 102,074,000 | 97,179,000 | 96,832,000 |
| Equity capital | 125,233,000 | 125,754,000 | 129,117,000 | 128,967,000 |
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 | 7,168,000 | 14,327,000 | 21,677,000 | 28,768,000 |
| Interest expense | 2,022,000 | 4,143,000 | 6,304,000 | 8,358,000 |
| Net interest income | 5,146,000 | 10,184,000 | 15,373,000 | 20,410,000 |
| Noninterest income | 39,000 | 81,000 | 140,000 | 177,000 |
| Noninterest expense | 3,862,000 | 7,581,000 | 11,221,000 | 14,924,000 |
| Provision for loan losses | 0 | 700,000 | 700,000 | 700,000 |
| Pretax income | 1,374,000 | 1,996,000 | 3,706,000 | 4,959,000 |
| Income tax | 392,000 | 567,000 | 1,106,000 | 1,639,000 |
| Net income | 982,000 | 1,429,000 | 2,600,000 | 3,320,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 131,658,000 | 132,106,000 | 133,277,000 | 133,994,000 |
| Total capital | 134,794,000 | 135,118,000 | 136,252,000 | 136,584,000 |
| Risk-weighted assets | 245,517,000 | 234,828,000 | 231,836,000 | 200,642,000 |