Call reports 2024
CHARLEVOIX STATE BANK — 2024
What CHARLEVOIX STATE 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 | 261,016,000 | 255,184,000 | 243,699,000 | 238,653,000 |
| Total loans | 115,751,000 | 118,032,000 | 119,028,000 | 123,173,000 |
| Allowance for loan losses | 1,570,000 | 1,570,000 | 1,534,000 | 1,521,000 |
| Securities available for sale | 109,626,000 | 96,910,000 | 94,029,000 | 91,021,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 215,446,000 | 218,966,000 | 220,511,000 | 215,619,000 |
| Interest-bearing deposits | 134,626,000 | 135,691,000 | 128,884,000 | 129,544,000 |
| Noninterest-bearing deposits | 80,820,000 | 83,275,000 | 91,627,000 | 86,075,000 |
| Equity capital | 18,453,000 | 19,173,000 | 21,439,000 | 21,249,000 |
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 | 2,468,000 | 5,024,000 | 7,795,000 | 10,349,000 |
| Interest expense | 501,000 | 1,074,000 | 1,607,000 | 1,874,000 |
| Net interest income | 1,967,000 | 3,950,000 | 6,188,000 | 8,475,000 |
| Noninterest income | 472,000 | 1,054,000 | 1,581,000 | 2,619,000 |
| Noninterest expense | 1,627,000 | 3,266,000 | 4,888,000 | 7,076,000 |
| Provision for loan losses | 0 | 0 | -36,000 | -36,000 |
| Pretax income | 812,000 | 1,738,000 | 2,881,000 | 4,018,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 812,000 | 1,738,000 | 2,881,000 | 4,018,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 25,213,000 | 25,213,000 | 25,213,000 | 25,213,000 |
| Total capital | 26,783,000 | 26,783,000 | 26,783,000 | 26,770,000 |
| Risk-weighted assets | 129,978,000 | 129,135,000 | 131,886,000 | 133,334,000 |