Call reports 2024
FIRST FEDERAL BANK — 2024
What FIRST FEDERAL 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 | 989,718,000 | 985,407,000 | 991,539,000 | 981,656,000 |
| Total loans | 586,866,000 | 582,111,000 | 569,945,000 | 573,942,000 |
| Allowance for loan losses | 12,115,000 | 12,132,000 | 11,892,000 | 11,487,000 |
| Securities available for sale | 150,692,000 | 128,574,000 | 118,045,000 | 112,244,000 |
| Securities held to maturity | 162,037,000 | 160,835,000 | 158,330,000 | 157,311,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 876,994,000 | 872,189,000 | 873,576,000 | 862,784,000 |
| Interest-bearing deposits | 729,158,000 | 722,890,000 | 725,189,000 | 699,531,000 |
| Noninterest-bearing deposits | 147,836,000 | 149,299,000 | 148,387,000 | 163,253,000 |
| Equity capital | 98,171,000 | 99,228,000 | 103,333,000 | 103,908,000 |
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 | 10,719,000 | 22,696,000 | 34,505,000 | 47,903,000 |
| Interest expense | 3,644,000 | 7,523,000 | 11,518,000 | 15,398,000 |
| Net interest income | 7,075,000 | 15,173,000 | 22,987,000 | 32,505,000 |
| Noninterest income | 1,118,000 | 2,344,000 | 3,512,000 | 4,545,000 |
| Noninterest expense | 4,526,000 | 10,195,000 | 15,378,000 | 21,209,000 |
| Provision for loan losses | 12,000 | -19,000 | -19,000 | -19,000 |
| Pretax income | 3,443,000 | 7,099,000 | 10,885,000 | 15,606,000 |
| Income tax | 265,000 | 508,000 | 760,000 | 988,000 |
| Net income | 3,178,000 | 6,591,000 | 10,125,000 | 14,618,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 100,845,000 | 101,505,000 | 102,858,000 | 105,170,000 |
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