Call reports 2024
BANK OF PROTECTION, THE — 2024
What BANK OF PROTECTION, 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 | 97,272,000 | 95,321,000 | 92,610,000 | 98,711,000 |
| Total loans | 59,134,000 | 60,069,000 | 54,986,000 | 62,099,000 |
| Allowance for loan losses | 718,000 | 718,000 | 716,000 | 712,000 |
| Securities available for sale | 26,289,000 | 25,734,000 | 25,938,000 | 25,416,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 72,897,000 | 72,942,000 | 70,099,000 | 77,214,000 |
| Interest-bearing deposits | 54,125,000 | 55,141,000 | 51,580,000 | 58,385,000 |
| Noninterest-bearing deposits | 18,772,000 | 17,800,000 | 18,520,000 | 18,829,000 |
| Equity capital | 11,198,000 | 11,629,000 | 12,603,000 | 12,323,000 |
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 | 1,438,000 | 2,693,000 | 4,088,000 | 5,478,000 |
| Interest expense | 568,000 | 945,000 | 1,459,000 | 1,932,000 |
| Net interest income | 870,000 | 1,748,000 | 2,629,000 | 3,546,000 |
| Noninterest income | 58,000 | 146,000 | 219,000 | 283,000 |
| Noninterest expense | 456,000 | 908,000 | 1,375,000 | 1,968,000 |
| Provision for loan losses | 50,000 | 50,000 | 50,000 | 50,000 |
| Pretax income | 412,000 | 927,000 | 1,414,000 | 1,802,000 |
| Income tax | 74,000 | 179,000 | 272,000 | 344,000 |
| Net income | 338,000 | 748,000 | 1,142,000 | 1,458,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 13,227,000 | 13,637,000 | 14,031,000 | 14,347,000 |