Call reports 2024
PIERMONT BANK — 2024
What PIERMONT 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 | 596,347,000 | 551,321,000 | 550,351,000 | 550,679,000 |
| Total loans | 334,692,000 | 344,705,000 | 317,539,000 | 309,226,000 |
| Allowance for loan losses | 4,417,000 | 4,527,000 | 4,203,000 | 5,167,000 |
| Securities available for sale | 69,602,000 | 71,846,000 | 81,865,000 | 76,494,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 468,794,000 | 424,092,000 | 420,788,000 | 406,656,000 |
| Interest-bearing deposits | 333,653,000 | 325,970,000 | 293,997,000 | 306,508,000 |
| Noninterest-bearing deposits | 135,141,000 | 98,122,000 | 126,791,000 | 100,148,000 |
| Equity capital | 68,966,000 | 69,016,000 | 70,744,000 | 63,402,000 |
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 | 8,019,000 | 16,429,000 | 23,926,000 | 31,406,000 |
| Interest expense | 3,386,000 | 7,357,000 | 11,215,000 | 15,317,000 |
| Net interest income | 4,633,000 | 9,072,000 | 12,711,000 | 16,089,000 |
| Noninterest income | 1,097,000 | 2,089,000 | 2,991,000 | 3,885,000 |
| Noninterest expense | 5,033,000 | 10,409,000 | 15,677,000 | 24,654,000 |
| Provision for loan losses | -303,000 | -193,000 | -518,000 | 447,000 |
| Pretax income | 1,000,000 | 945,000 | 543,000 | -5,127,000 |
| Income tax | 280,000 | 265,000 | 152,000 | 213,000 |
| Net income | 720,000 | 680,000 | 391,000 | -5,340,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 75,401,000 | 75,558,000 | 75,377,000 | 69,734,000 |
| Total capital | 79,818,000 | 80,086,000 | 79,580,000 | 74,061,000 |
| Risk-weighted assets | 370,298,000 | 383,176,000 | 360,117,000 | 345,320,000 |