Call reports 2024
SUNDOWN STATE BANK — 2024
What SUNDOWN STATE 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 | 267,502,000 | 255,055,000 | 264,145,000 | 268,318,000 |
| Total loans | 200,494,000 | 214,039,000 | 214,530,000 | 214,561,000 |
| Allowance for loan losses | 1,851,000 | 1,882,000 | 1,735,000 | 1,712,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 18,063,000 | 18,052,000 | 16,041,000 | 16,031,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 240,191,000 | 226,701,000 | 234,195,000 | 239,090,000 |
| Interest-bearing deposits | 166,049,000 | 159,646,000 | 166,741,000 | 164,565,000 |
| Noninterest-bearing deposits | 74,142,000 | 67,055,000 | 67,454,000 | 74,525,000 |
| Equity capital | 26,263,000 | 27,374,000 | 28,555,000 | 28,476,000 |
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 | 4,157,000 | 8,274,000 | 12,605,000 | 16,868,000 |
| Interest expense | 1,485,000 | 2,873,000 | 4,341,000 | 5,760,000 |
| Net interest income | 2,672,000 | 5,401,000 | 8,264,000 | 11,108,000 |
| Noninterest income | 283,000 | 572,000 | 862,000 | 1,152,000 |
| Noninterest expense | 1,618,000 | 3,198,000 | 4,821,000 | 6,487,000 |
| Provision for loan losses | 0 | 30,000 | -117,000 | -140,000 |
| Pretax income | 1,337,000 | 2,745,000 | 4,245,000 | 5,683,000 |
| Income tax | 284,000 | 580,000 | 899,000 | 1,165,000 |
| Net income | 1,053,000 | 2,165,000 | 3,346,000 | 4,518,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 26,263,000 | 27,374,000 | 28,555,000 | 28,476,000 |
| Total capital | 28,115,000 | 29,256,000 | 30,467,000 | 30,418,000 |
| Risk-weighted assets | 227,906,000 | 237,303,000 | 235,102,000 | 239,751,000 |