Call reports 2024
TURTLE MOUNTAIN STATE BANK — 2024
What TURTLE MOUNTAIN 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 | 142,486,000 | 146,805,000 | 150,274,000 | 125,569,000 |
| Total loans | 34,010,000 | 36,988,000 | 37,451,000 | 37,095,000 |
| Allowance for loan losses | 382,000 | 382,000 | 408,000 | 433,000 |
| Securities available for sale | 4,450,000 | 4,425,000 | 5,445,000 | 6,390,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 132,523,000 | 136,453,000 | 138,504,000 | 113,453,000 |
| Interest-bearing deposits | 71,475,000 | 72,237,000 | 65,249,000 | 56,359,000 |
| Noninterest-bearing deposits | 61,048,000 | 64,216,000 | 73,255,000 | 57,094,000 |
| Equity capital | 9,846,000 | 10,140,000 | 11,532,000 | 11,849,000 |
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 | 2,052,000 | 4,240,000 | 6,258,000 | 8,132,000 |
| Interest expense | 224,000 | 455,000 | 678,000 | 857,000 |
| Net interest income | 1,828,000 | 3,785,000 | 5,580,000 | 7,275,000 |
| Noninterest income | 104,000 | 193,000 | 300,000 | 386,000 |
| Noninterest expense | 745,000 | 1,274,000 | 1,853,000 | 2,453,000 |
| Provision for loan losses | 0 | 0 | 23,000 | 45,000 |
| Pretax income | 1,187,000 | 2,704,000 | 4,004,000 | 5,163,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 1,187,000 | 2,704,000 | 4,004,000 | 5,163,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 10,231,000 | 10,485,000 | 11,785,000 | 12,271,000 |