Call reports 2024
BANK OF FARMINGTON — 2024
What BANK OF FARMINGTON 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 | 225,984,000 | 229,794,000 | 229,692,000 | 227,218,000 |
| Total loans | 170,021,000 | 169,333,000 | 168,881,000 | 168,051,000 |
| Allowance for loan losses | 1,923,000 | 1,916,000 | 1,640,000 | 1,672,000 |
| Securities available for sale | 31,635,000 | 27,183,000 | 27,467,000 | 26,029,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 191,791,000 | 202,498,000 | 203,050,000 | 203,122,000 |
| Interest-bearing deposits | 165,289,000 | 174,481,000 | 175,708,000 | 176,617,000 |
| Noninterest-bearing deposits | 26,502,000 | 28,017,000 | 27,342,000 | 26,505,000 |
| Equity capital | 20,499,000 | 20,636,000 | 21,392,000 | 20,746,000 |
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 | 2,652,000 | 5,445,000 | 8,316,000 | 11,180,000 |
| Interest expense | 1,172,000 | 2,405,000 | 3,683,000 | 4,905,000 |
| Net interest income | 1,480,000 | 3,040,000 | 4,633,000 | 6,275,000 |
| Noninterest income | 143,000 | 299,000 | 444,000 | 614,000 |
| Noninterest expense | 1,442,000 | 2,805,000 | 4,180,000 | 5,603,000 |
| Provision for loan losses | 0 | 0 | 0 | 30,000 |
| Pretax income | 181,000 | 501,000 | 857,000 | 1,216,000 |
| Income tax | 27,000 | 79,000 | 157,000 | 228,000 |
| Net income | 154,000 | 422,000 | 700,000 | 988,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 23,638,000 | 23,834,000 | 24,018,000 | 24,094,000 |
| Total capital | 25,561,000 | 25,750,000 | 25,658,000 | 25,766,000 |
| Risk-weighted assets | 183,342,000 | 183,332,000 | 182,356,000 | 183,076,000 |