Call reports 2024
SALEM CO-OPERATIVE BANK — 2024
What SALEM CO-OPERATIVE 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 | 541,415,000 | 557,168,000 | 565,595,000 | 567,213,000 |
| Total loans | 453,279,000 | 460,555,000 | 468,047,000 | 477,239,000 |
| Allowance for loan losses | 2,926,000 | 2,874,000 | 2,827,000 | 2,788,000 |
| Securities available for sale | 49,835,000 | 52,357,000 | 53,379,000 | 50,187,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 385,991,000 | 362,991,000 | 371,884,000 | 364,594,000 |
| Interest-bearing deposits | 334,627,000 | 312,801,000 | 321,276,000 | 316,140,000 |
| Noninterest-bearing deposits | 51,364,000 | 50,190,000 | 50,608,000 | 48,454,000 |
| Equity capital | 64,777,000 | 64,563,000 | 63,535,000 | 62,425,000 |
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 | 5,409,000 | 11,014,000 | 16,838,000 | 22,994,000 |
| Interest expense | 3,355,000 | 6,880,000 | 10,652,000 | 14,401,000 |
| Net interest income | 2,054,000 | 4,134,000 | 6,186,000 | 8,593,000 |
| Noninterest income | 177,000 | 380,000 | 586,000 | 949,000 |
| Noninterest expense | 2,922,000 | 5,891,000 | 10,267,000 | 13,485,000 |
| Provision for loan losses | 42,000 | -8,000 | 10,000 | 27,000 |
| Pretax income | -812,000 | -1,509,000 | -3,597,000 | -4,068,000 |
| Income tax | -280,000 | -487,000 | -881,000 | -1,154,000 |
| Net income | -532,000 | -1,022,000 | -2,716,000 | -2,914,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 70,312,000 | 69,823,000 | 68,128,000 | 67,930,000 |
| Total capital | 73,413,000 | 72,934,000 | 71,144,000 | 70,913,000 |
| Risk-weighted assets | 349,193,000 | 358,261,000 | 366,805,000 | 372,548,000 |