Call reports 2024
FIRST FEDERAL BANK & TRUST — 2024
What FIRST FEDERAL BANK & TRUST 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 | 635,575,000 | 613,561,000 | 620,654,000 | 612,654,000 |
| Total loans | 471,478,000 | 481,942,000 | 485,185,000 | 481,562,000 |
| Allowance for loan losses | 6,156,000 | 6,457,000 | 6,261,000 | 6,490,000 |
| Securities available for sale | 70,219,000 | 70,651,000 | 70,049,000 | 66,026,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 573,615,000 | 540,999,000 | 555,951,000 | 549,851,000 |
| Interest-bearing deposits | 517,584,000 | 486,752,000 | 494,935,000 | 486,680,000 |
| Noninterest-bearing deposits | 56,031,000 | 54,247,000 | 61,016,000 | 63,171,000 |
| Equity capital | 58,762,000 | 59,188,000 | 60,988,000 | 59,654,000 |
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 | 8,037,000 | 16,195,000 | 24,333,000 | 31,705,000 |
| Interest expense | 5,070,000 | 9,725,000 | 14,255,000 | 18,357,000 |
| Net interest income | 2,967,000 | 6,470,000 | 10,078,000 | 13,348,000 |
| Noninterest income | 642,000 | 1,694,000 | 2,236,000 | 2,969,000 |
| Noninterest expense | 3,854,000 | 7,694,000 | 11,722,000 | 15,191,000 |
| Provision for loan losses | 0 | 298,000 | 372,000 | 554,000 |
| Pretax income | -145,000 | 218,000 | 245,000 | 609,000 |
| Income tax | -609,000 | -609,000 | -661,000 | -589,000 |
| Net income | 464,000 | 827,000 | 906,000 | 1,198,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 65,304,000 | 65,667,000 | 65,746,000 | 66,038,000 |
| Total capital | 71,387,000 | 71,936,000 | 72,025,000 | 72,255,000 |
| Risk-weighted assets | 486,349,000 | 501,071,000 | 502,057,000 | 496,789,000 |