Call reports 2024
WATERMARK BANK — 2024
What WATERMARK 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 | 318,701,000 | 343,108,000 | 367,595,000 | 361,836,000 |
| Total loans | 268,725,000 | 276,068,000 | 302,315,000 | 288,300,000 |
| Allowance for loan losses | 4,766,000 | 3,409,000 | 3,836,000 | 3,834,000 |
| Securities available for sale | 13,400,000 | 13,286,000 | 13,521,000 | 12,864,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 268,647,000 | 292,168,000 | 314,908,000 | 307,897,000 |
| Interest-bearing deposits | 225,085,000 | 250,180,000 | 263,497,000 | 255,953,000 |
| Noninterest-bearing deposits | 43,562,000 | 41,988,000 | 51,411,000 | 51,944,000 |
| Equity capital | 44,915,000 | 45,731,000 | 47,018,000 | 48,309,000 |
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 | 5,286,000 | 10,732,000 | 17,043,000 | 23,218,000 |
| Interest expense | 2,276,000 | 4,554,000 | 7,291,000 | 9,802,000 |
| Net interest income | 3,010,000 | 6,178,000 | 9,752,000 | 13,416,000 |
| Noninterest income | 209,000 | 296,000 | 416,000 | 540,000 |
| Noninterest expense | 2,146,000 | 4,289,000 | 6,506,000 | 8,706,000 |
| Provision for loan losses | 450,000 | 600,000 | 700,000 | 700,000 |
| Pretax income | 623,000 | 1,585,000 | 2,962,000 | 4,551,000 |
| Income tax | 155,000 | 393,000 | 731,000 | 1,103,000 |
| Net income | 468,000 | 1,192,000 | 2,231,000 | 3,448,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 44,583,000 | 45,650,000 | 46,600,000 | 47,667,000 |
| Total capital | 48,214,000 | 49,059,000 | 50,436,000 | 51,501,000 |
| Risk-weighted assets | 289,377,000 | 309,124,000 | 328,503,000 | 311,695,000 |