Call reports 2024
GULF ATLANTIC BANK — 2024
What GULF ATLANTIC 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 | 150,326,000 | 151,346,000 | 169,761,000 | 172,951,000 |
| Total loans | 112,628,000 | 114,870,000 | 121,119,000 | 132,896,000 |
| Allowance for loan losses | 1,051,000 | 1,097,000 | 1,186,000 | 1,404,000 |
| Securities available for sale | 16,280,000 | 18,222,000 | 15,709,000 | 17,136,000 |
| Securities held to maturity | 2,850,000 | 2,850,000 | 2,850,000 | 1,850,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 129,903,000 | 120,704,000 | 141,444,000 | 155,707,000 |
| Interest-bearing deposits | 103,516,000 | 101,484,000 | 106,246,000 | 127,204,000 |
| Noninterest-bearing deposits | 26,387,000 | 19,220,000 | 35,198,000 | 28,503,000 |
| Equity capital | 11,750,000 | 12,470,000 | 12,952,000 | 13,131,000 |
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 | 2,134,000 | 4,423,000 | 6,904,000 | 9,797,000 |
| Interest expense | 1,004,000 | 2,043,000 | 3,192,000 | 4,374,000 |
| Net interest income | 1,130,000 | 2,380,000 | 3,712,000 | 5,423,000 |
| Noninterest income | 73,000 | 185,000 | 282,000 | 410,000 |
| Noninterest expense | 1,049,000 | 2,216,000 | 3,375,000 | 4,672,000 |
| Provision for loan losses | 159,000 | 193,000 | 318,000 | 473,000 |
| Pretax income | 104,000 | 265,000 | 457,000 | 844,000 |
| Income tax | 26,000 | 66,000 | 121,000 | 196,000 |
| Net income | 78,000 | 199,000 | 336,000 | 648,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 13,270,000 | 13,858,000 | 13,995,000 | 14,602,000 |
| Total capital | 14,321,000 | 14,955,000 | 15,181,000 | 16,006,000 |
| Risk-weighted assets | 122,362,000 | 126,603,000 | 135,897,000 | 149,008,000 |