Call reports 2024
WAKEFIELD CO-OPERATIVE BANK — 2024
What WAKEFIELD 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 | 313,984,000 | 312,213,000 | 313,408,000 | 304,959,000 |
| Total loans | 260,119,000 | 259,081,000 | 256,003,000 | 252,333,000 |
| Allowance for loan losses | 2,168,000 | 2,053,000 | 1,923,000 | 1,758,000 |
| Securities available for sale | 26,553,000 | 25,736,000 | 25,003,000 | 23,841,000 |
| Securities held to maturity | 12,013,000 | 11,916,000 | 11,816,000 | 11,727,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 263,514,000 | 266,672,000 | 267,286,000 | 259,263,000 |
| Interest-bearing deposits | 228,914,000 | 234,103,000 | 234,461,000 | 226,768,000 |
| Noninterest-bearing deposits | 34,600,000 | 32,569,000 | 32,825,000 | 32,495,000 |
| Equity capital | 18,873,000 | 18,527,000 | 18,970,000 | 18,229,000 |
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 | 3,347,000 | 6,643,000 | 9,955,000 | 13,205,000 |
| Interest expense | 1,923,000 | 3,876,000 | 5,887,000 | 7,839,000 |
| Net interest income | 1,424,000 | 2,767,000 | 4,068,000 | 5,366,000 |
| Noninterest income | 159,000 | 323,000 | 489,000 | 645,000 |
| Noninterest expense | 1,825,000 | 3,705,000 | 5,540,000 | 7,500,000 |
| Provision for loan losses | -19,000 | -133,000 | -263,000 | -427,000 |
| Pretax income | -225,000 | -614,000 | -826,000 | -1,168,000 |
| Income tax | -60,000 | -170,000 | -235,000 | -327,000 |
| Net income | -165,000 | -444,000 | -591,000 | -841,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 21,816,000 | 21,537,000 | 21,390,000 | 21,140,000 |
| Total capital | 24,065,000 | 23,798,000 | 23,501,000 | 23,086,000 |
| Risk-weighted assets | 187,121,000 | 184,387,000 | 180,652,000 | 176,702,000 |