Call reports 2024
REDEMPTION BANK — 2024
What REDEMPTION 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 | 62,827,000 | 61,639,000 | 64,586,000 | 64,567,000 |
| Total loans | 43,688,000 | 41,921,000 | 42,386,000 | 40,621,000 |
| Allowance for loan losses | 672,000 | 673,000 | 653,000 | 614,000 |
| Securities available for sale | 1,517,000 | 1,030,000 | 982,000 | 456,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 50,962,000 | 49,841,000 | 52,727,000 | 52,804,000 |
| Interest-bearing deposits | 35,181,000 | 36,144,000 | 37,161,000 | 37,429,000 |
| Noninterest-bearing deposits | 15,781,000 | 13,697,000 | 15,566,000 | 15,375,000 |
| Equity capital | 11,350,000 | 11,188,000 | 11,224,000 | 11,175,000 |
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 | 884,000 | 2,086,000 | 3,231,000 | 4,358,000 |
| Interest expense | 331,000 | 678,000 | 1,044,000 | 1,389,000 |
| Net interest income | 553,000 | 1,408,000 | 2,187,000 | 2,969,000 |
| Noninterest income | 22,000 | 46,000 | 69,000 | 92,000 |
| Noninterest expense | 554,000 | 1,129,000 | 1,746,000 | 2,381,000 |
| Provision for loan losses | -200,000 | -200,000 | -220,000 | -220,000 |
| Pretax income | 221,000 | 525,000 | 730,000 | 900,000 |
| Income tax | 1,000 | 127,000 | 189,000 | 210,000 |
| Net income | 220,000 | 398,000 | 541,000 | 690,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 11,350,000 | 11,188,000 | 11,224,000 | 11,175,000 |