Call reports 2024
ABACUS FEDERAL SAVINGS BANK — 2024
What ABACUS FEDERAL SAVINGS 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 | 327,217,000 | 325,870,000 | 320,406,000 | 319,722,000 |
| Total loans | 261,715,000 | 261,304,000 | 261,809,000 | 258,608,000 |
| Allowance for loan losses | 2,990,000 | 2,990,000 | 2,990,000 | 2,990,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 270,909,000 | 265,128,000 | 259,957,000 | 257,982,000 |
| Interest-bearing deposits | 183,353,000 | 176,521,000 | 173,723,000 | 172,961,000 |
| Noninterest-bearing deposits | 87,556,000 | 88,607,000 | 86,234,000 | 85,021,000 |
| Equity capital | 53,872,000 | 54,393,000 | 54,770,000 | 55,587,000 |
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 | 4,309,000 | 8,825,000 | 13,235,000 | 17,883,000 |
| Interest expense | 1,018,000 | 2,047,000 | 3,130,000 | 4,191,000 |
| Net interest income | 3,291,000 | 6,778,000 | 10,105,000 | 13,692,000 |
| Noninterest income | 386,000 | 875,000 | 1,126,000 | 1,863,000 |
| Noninterest expense | 3,212,000 | 6,447,000 | 9,492,000 | 12,783,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 465,000 | 1,206,000 | 1,739,000 | 2,772,000 |
| Income tax | 138,000 | 358,000 | 514,000 | 730,000 |
| Net income | 327,000 | 848,000 | 1,225,000 | 2,042,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 48,518,000 | 49,283,000 | 49,903,000 | 49,822,000 |
| Total capital | 50,618,000 | 51,419,000 | 52,019,000 | 51,926,000 |
| Risk-weighted assets | 161,835,000 | 164,928,000 | 163,594,000 | 161,695,000 |