Call reports 2024
MIDWEST HERITAGE BANK, FSB — 2024
What MIDWEST HERITAGE BANK, FSB 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 | 477,586,000 | 464,682,000 | 467,457,000 | 501,632,000 |
| Total loans | 354,020,000 | 361,135,000 | 368,694,000 | 379,378,000 |
| Allowance for loan losses | 3,553,000 | 3,584,000 | 3,630,000 | 3,658,000 |
| Securities available for sale | 43,380,000 | 43,426,000 | 43,337,000 | 41,294,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 379,407,000 | 366,948,000 | 352,616,000 | 356,322,000 |
| Interest-bearing deposits | 296,930,000 | 291,910,000 | 283,784,000 | 282,628,000 |
| Noninterest-bearing deposits | 82,477,000 | 75,038,000 | 68,832,000 | 73,694,000 |
| Equity capital | 53,929,000 | 53,473,000 | 55,943,000 | 57,674,000 |
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 | 5,918,000 | 11,917,000 | 17,954,000 | 24,261,000 |
| Interest expense | 2,196,000 | 4,496,000 | 6,927,000 | 9,566,000 |
| Net interest income | 3,722,000 | 7,421,000 | 11,027,000 | 14,695,000 |
| Noninterest income | 6,077,000 | 9,624,000 | 14,321,000 | 20,345,000 |
| Noninterest expense | 6,100,000 | 12,092,000 | 18,315,000 | 24,493,000 |
| Provision for loan losses | 0 | 65,000 | 175,000 | 237,000 |
| Pretax income | 3,699,000 | 4,888,000 | 6,858,000 | 10,310,000 |
| Income tax | 887,000 | 1,172,000 | 1,647,000 | 2,475,000 |
| Net income | 2,812,000 | 3,716,000 | 5,211,000 | 7,835,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 56,130,000 | 55,534,000 | 57,029,000 | 59,653,000 |
| Total capital | 59,808,000 | 59,243,000 | 60,784,000 | 63,436,000 |
| Risk-weighted assets | 375,701,000 | 381,007,000 | 390,334,000 | 404,416,000 |