Call reports 2024
FORBRIGHT BANK — 2024
What FORBRIGHT 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 | 6,866,031,000 | 7,002,006,000 | 7,156,643,000 | 7,243,833,000 |
| Total loans | 4,078,948,000 | 3,896,013,000 | 3,966,235,000 | 4,323,749,000 |
| Allowance for loan losses | 55,941,000 | 50,624,000 | 42,733,000 | 42,308,000 |
| Securities available for sale | 1,240,585,000 | 1,432,050,000 | 1,452,650,000 | 1,471,468,000 |
| Securities held to maturity | 53,436,000 | 53,374,000 | 52,625,000 | 52,686,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 5,423,273,000 | 5,593,845,000 | 5,920,530,000 | 5,636,747,000 |
| Interest-bearing deposits | 5,061,105,000 | 5,241,575,000 | 5,542,175,000 | 5,307,090,000 |
| Noninterest-bearing deposits | 362,168,000 | 352,270,000 | 378,355,000 | 329,657,000 |
| Equity capital | 770,618,000 | 780,436,000 | 801,103,000 | 812,411,000 |
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 | 134,109,000 | 252,277,000 | 381,163,000 | 500,448,000 |
| Interest expense | 70,484,000 | 130,988,000 | 200,972,000 | 263,599,000 |
| Net interest income | 63,625,000 | 121,289,000 | 180,191,000 | 236,849,000 |
| Noninterest income | -3,092,000 | 5,803,000 | 16,830,000 | 24,514,000 |
| Noninterest expense | 47,832,000 | 95,869,000 | 145,270,000 | 195,074,000 |
| Provision for loan losses | -12,985,000 | -7,176,000 | -3,998,000 | 1,391,000 |
| Pretax income | 26,549,000 | 39,974,000 | 57,349,000 | 68,169,000 |
| Income tax | 7,534,000 | 11,004,000 | 15,405,000 | 13,203,000 |
| Net income | 19,015,000 | 28,970,000 | 41,944,000 | 54,966,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 756,458,000 | 767,382,000 | 781,022,000 | 796,830,000 |