Call reports 2024
FORWARD BANK — 2024
What FORWARD 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 | 1,007,690,000 | 1,080,758,000 | 1,116,191,000 | 1,120,885,000 |
| Total loans | 735,436,000 | 786,148,000 | 796,790,000 | 810,014,000 |
| Allowance for loan losses | 6,391,000 | 7,367,000 | 7,543,000 | 7,798,000 |
| Securities available for sale | 169,807,000 | 171,121,000 | 190,237,000 | 182,335,000 |
| Securities held to maturity | 305,000 | 263,000 | 263,000 | 263,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 835,875,000 | 903,492,000 | 941,285,000 | 957,503,000 |
| Interest-bearing deposits | 645,220,000 | 681,397,000 | 705,272,000 | 708,336,000 |
| Noninterest-bearing deposits | 190,655,000 | 222,095,000 | 236,013,000 | 249,167,000 |
| Equity capital | 78,751,000 | 88,645,000 | 96,734,000 | 92,162,000 |
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 | 11,838,000 | 24,948,000 | 39,280,000 | 53,556,000 |
| Interest expense | 4,123,000 | 8,689,000 | 13,561,000 | 17,932,000 |
| Net interest income | 7,715,000 | 16,259,000 | 25,719,000 | 35,624,000 |
| Noninterest income | 2,586,000 | 8,257,000 | 11,191,000 | 14,417,000 |
| Noninterest expense | 7,745,000 | 17,393,000 | 25,626,000 | 37,282,000 |
| Provision for loan losses | 222,000 | 1,225,000 | 1,449,000 | 1,891,000 |
| Pretax income | 2,094,000 | 5,604,000 | 9,529,000 | 10,579,000 |
| Income tax | 375,000 | -115,000 | 1,149,000 | 1,451,000 |
| Net income | 1,719,000 | 5,719,000 | 8,380,000 | 9,128,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 82,458,000 | 90,851,000 | 93,633,000 | 92,899,000 |
| Total capital | 88,959,000 | 98,382,000 | 101,352,000 | 100,856,000 |
| Risk-weighted assets | 772,167,000 | 814,690,000 | 830,042,000 | 849,099,000 |