Call reports 2024
OCEAN BANK — 2024
What OCEAN 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 | 6,340,942,000 | 6,367,450,000 | 6,650,159,000 | 6,719,648,000 |
| Total loans | 5,041,599,000 | 5,282,062,000 | 5,381,422,000 | 5,533,051,000 |
| Allowance for loan losses | 71,799,000 | 73,605,000 | 75,730,000 | 75,997,000 |
| Securities available for sale | 632,847,000 | 551,162,000 | 609,941,000 | 637,706,000 |
| Securities held to maturity | 174,826,000 | 175,927,000 | 176,987,000 | 178,090,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 5,547,231,000 | 5,561,808,000 | 5,563,929,000 | 5,614,703,000 |
| Interest-bearing deposits | 3,807,827,000 | 3,796,623,000 | 3,818,104,000 | 3,902,734,000 |
| Noninterest-bearing deposits | 1,739,404,000 | 1,765,185,000 | 1,745,825,000 | 1,711,969,000 |
| Equity capital | 604,022,000 | 617,533,000 | 638,101,000 | 634,099,000 |
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 | 89,309,000 | 180,450,000 | 274,971,000 | 370,859,000 |
| Interest expense | 38,240,000 | 74,457,000 | 113,844,000 | 153,803,000 |
| Net interest income | 51,069,000 | 105,993,000 | 161,127,000 | 217,056,000 |
| Noninterest income | 6,540,000 | 14,319,000 | 21,856,000 | 28,898,000 |
| Noninterest expense | 40,701,000 | 80,678,000 | 121,116,000 | 164,173,000 |
| Provision for loan losses | 0 | 2,000,000 | 4,000,000 | 4,000,000 |
| Pretax income | 16,895,000 | 39,616,000 | 59,905,000 | 79,770,000 |
| Income tax | 4,191,000 | 9,756,000 | 14,486,000 | 19,892,000 |
| Net income | 12,704,000 | 29,860,000 | 45,419,000 | 59,878,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 634,109,000 | 646,907,000 | 662,472,000 | 661,935,000 |
| Total capital | 701,898,000 | 716,881,000 | 733,458,000 | 734,764,000 |
| Risk-weighted assets | 5,413,267,000 | 5,590,452,000 | 5,670,264,000 | 5,819,311,000 |