Call reports 2024
MIDWEST BANK — 2024
What MIDWEST 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 | 661,147,000 | 669,524,000 | 681,716,000 | 677,013,000 |
| Total loans | 389,275,000 | 397,982,000 | 388,611,000 | 404,351,000 |
| Allowance for loan losses | 4,411,000 | 4,511,000 | 4,664,000 | 4,645,000 |
| Securities available for sale | 212,460,000 | 210,306,000 | 217,416,000 | 205,591,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 519,091,000 | 532,332,000 | 533,647,000 | 539,093,000 |
| Interest-bearing deposits | 463,124,000 | 477,590,000 | 486,284,000 | 480,798,000 |
| Noninterest-bearing deposits | 55,967,000 | 54,742,000 | 47,363,000 | 58,295,000 |
| Equity capital | 52,762,000 | 53,341,000 | 58,930,000 | 54,140,000 |
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 | 6,895,000 | 14,046,000 | 21,354,000 | 28,699,000 |
| Interest expense | 2,742,000 | 5,720,000 | 8,795,000 | 11,809,000 |
| Net interest income | 4,153,000 | 8,326,000 | 12,559,000 | 16,890,000 |
| Noninterest income | 766,000 | 1,472,000 | 2,173,000 | 2,894,000 |
| Noninterest expense | 3,276,000 | 6,637,000 | 10,080,000 | 13,696,000 |
| Provision for loan losses | 100,000 | 300,000 | 500,000 | 700,000 |
| Pretax income | 1,461,000 | 2,804,000 | 4,077,000 | 5,366,000 |
| Income tax | 329,000 | 648,000 | 952,000 | 1,257,000 |
| Net income | 1,132,000 | 2,156,000 | 3,125,000 | 4,109,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 62,085,000 | 62,626,000 | 63,111,000 | 63,612,000 |
| Total capital | 66,651,000 | 67,266,000 | 67,923,000 | 68,352,000 |
| Risk-weighted assets | 419,784,000 | 429,265,000 | 415,904,000 | 429,345,000 |