Call reports 2024
STATE BANK OF FAIRMONT — 2024
What STATE BANK OF FAIRMONT 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 | 138,544,000 | 136,467,000 | 135,838,000 | 137,130,000 |
| Total loans | 106,210,000 | 107,559,000 | 105,975,000 | 105,386,000 |
| Allowance for loan losses | 2,062,000 | 2,092,000 | 2,102,000 | 2,005,000 |
| Securities available for sale | 14,219,000 | 13,944,000 | 14,028,000 | 17,403,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 125,876,000 | 123,540,000 | 122,212,000 | 124,217,000 |
| Interest-bearing deposits | 106,733,000 | 105,030,000 | 104,435,000 | 105,846,000 |
| Noninterest-bearing deposits | 19,143,000 | 18,510,000 | 17,777,000 | 18,371,000 |
| Equity capital | 12,288,000 | 12,591,000 | 13,279,000 | 12,564,000 |
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 | 1,950,000 | 3,990,000 | 6,057,000 | 8,123,000 |
| Interest expense | 814,000 | 1,664,000 | 2,520,000 | 3,358,000 |
| Net interest income | 1,136,000 | 2,326,000 | 3,537,000 | 4,765,000 |
| Noninterest income | 67,000 | 141,000 | 212,000 | 280,000 |
| Noninterest expense | 759,000 | 1,464,000 | 2,286,000 | 3,974,000 |
| Provision for loan losses | 30,000 | 60,000 | 90,000 | 94,000 |
| Pretax income | 414,000 | 943,000 | 1,373,000 | 961,000 |
| Income tax | 24,000 | 47,000 | 70,000 | 92,000 |
| Net income | 390,000 | 896,000 | 1,303,000 | 869,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 14,622,000 | 14,860,000 | 15,132,000 | 14,698,000 |
| Total capital | 15,969,000 | 16,215,000 | 16,457,000 | 16,046,000 |
| Risk-weighted assets | 107,052,000 | 107,624,000 | 105,201,000 | 107,180,000 |
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