Call reports 2024
FUSION BANK — 2024
What FUSION 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 | 242,096,000 | 213,419,000 | 214,147,000 | 263,958,000 |
| Total loans | 109,752,000 | 111,535,000 | 112,237,000 | 117,741,000 |
| Allowance for loan losses | 1,813,000 | 1,839,000 | 1,841,000 | 1,943,000 |
| Securities available for sale | 60,924,000 | 56,573,000 | 56,726,000 | 51,829,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 188,618,000 | 163,559,000 | 158,918,000 | 220,117,000 |
| Interest-bearing deposits | 143,561,000 | 120,965,000 | 118,341,000 | 174,613,000 |
| Noninterest-bearing deposits | 45,057,000 | 42,594,000 | 40,577,000 | 45,504,000 |
| Equity capital | 24,272,000 | 25,626,000 | 27,595,000 | 27,753,000 |
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 | 2,927,000 | 5,898,000 | 9,245,000 | 12,198,000 |
| Interest expense | 1,068,000 | 2,041,000 | 3,230,000 | 4,078,000 |
| Net interest income | 1,859,000 | 3,857,000 | 6,015,000 | 8,120,000 |
| Noninterest income | 125,000 | 262,000 | 373,000 | 497,000 |
| Noninterest expense | 1,076,000 | 2,055,000 | 3,124,000 | 4,174,000 |
| Provision for loan losses | 0 | 25,000 | 25,000 | 125,000 |
| Pretax income | 908,000 | 2,397,000 | 3,597,000 | 4,676,000 |
| Income tax | 40,000 | 91,000 | 144,000 | 176,000 |
| Net income | 868,000 | 2,306,000 | 3,453,000 | 4,500,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 27,963,000 | 29,101,000 | 29,848,000 | 30,495,000 |