Call reports 2024
VALLEY STATE BANK — 2024
What VALLEY STATE 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 | 146,776,000 | 148,219,000 | 146,930,000 | 150,063,000 |
| Total loans | 79,691,000 | 79,723,000 | 80,823,000 | 82,262,000 |
| Allowance for loan losses | 1,717,000 | 1,796,000 | 1,824,000 | 1,882,000 |
| Securities available for sale | 49,090,000 | 48,136,000 | 48,005,000 | 45,304,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 121,766,000 | 122,640,000 | 120,154,000 | 123,399,000 |
| Interest-bearing deposits | 101,677,000 | 100,395,000 | 97,211,000 | 100,355,000 |
| Noninterest-bearing deposits | 20,089,000 | 22,245,000 | 22,943,000 | 23,044,000 |
| Equity capital | 24,455,000 | 25,103,000 | 26,416,000 | 26,110,000 |
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 | 1,936,000 | 3,914,000 | 5,938,000 | 7,964,000 |
| Interest expense | 529,000 | 1,058,000 | 1,583,000 | 2,101,000 |
| Net interest income | 1,407,000 | 2,856,000 | 4,355,000 | 5,863,000 |
| Noninterest income | 81,000 | 162,000 | 246,000 | 325,000 |
| Noninterest expense | 832,000 | 1,753,000 | 2,669,000 | 3,668,000 |
| Provision for loan losses | 60,000 | 120,000 | 180,000 | 240,000 |
| Pretax income | 594,000 | 1,143,000 | 1,753,000 | 2,279,000 |
| Income tax | 114,000 | 249,000 | 383,000 | 517,000 |
| Net income | 480,000 | 894,000 | 1,370,000 | 1,762,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 28,391,000 | 28,806,000 | 29,282,000 | 29,673,000 |