Call reports 2024
NEW CENTURY BANK — 2024
What NEW CENTURY 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 | 59,003,000 | 57,927,000 | 62,735,000 | 68,291,000 |
| Total loans | 44,356,000 | 46,579,000 | 55,513,000 | 59,788,000 |
| Allowance for loan losses | 781,000 | 781,000 | 781,000 | 781,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 48,046,000 | 47,077,000 | 49,782,000 | 57,114,000 |
| Interest-bearing deposits | 41,182,000 | 41,731,000 | 43,717,000 | 50,569,000 |
| Noninterest-bearing deposits | 6,864,000 | 5,346,000 | 6,065,000 | 6,545,000 |
| Equity capital | 9,138,000 | 9,005,000 | 9,119,000 | 9,468,000 |
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 | 1,292,000 | 2,732,000 | 4,227,000 | 5,822,000 |
| Interest expense | 337,000 | 704,000 | 1,100,000 | 1,586,000 |
| Net interest income | 955,000 | 2,028,000 | 3,127,000 | 4,236,000 |
| Noninterest income | 112,000 | 254,000 | 389,000 | 508,000 |
| Noninterest expense | 710,000 | 1,428,000 | 2,123,000 | 2,890,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 357,000 | 854,000 | 1,393,000 | 1,861,000 |
| Income tax | 9,000 | 34,000 | 57,000 | 76,000 |
| Net income | 348,000 | 820,000 | 1,336,000 | 1,785,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 9,138,000 | 9,005,000 | 9,119,000 | 9,468,000 |
| Total capital | 9,627,000 | 9,510,000 | 9,651,000 | 10,066,000 |
| Risk-weighted assets | 38,795,000 | 40,110,000 | 42,282,000 | 47,650,000 |