Call reports 2024
GROVE BANK — 2024
What GROVE 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 | 49,713,000 | 54,102,000 | 52,519,000 | 53,107,000 |
| Total loans | 32,967,000 | 34,240,000 | 33,598,000 | 35,210,000 |
| Allowance for loan losses | 406,000 | 441,000 | 360,000 | 378,000 |
| Securities available for sale | 447,000 | 2,925,000 | 5,648,000 | 7,638,000 |
| Securities held to maturity | 4,351,000 | 5,941,000 | 3,954,000 | 3,960,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 38,187,000 | 42,437,000 | 40,778,000 | 41,427,000 |
| Interest-bearing deposits | 30,510,000 | 33,571,000 | 33,918,000 | 34,169,000 |
| Noninterest-bearing deposits | 7,677,000 | 8,866,000 | 6,860,000 | 7,258,000 |
| Equity capital | 6,664,000 | 6,677,000 | 6,824,000 | 6,817,000 |
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 | 702,000 | 1,474,000 | 2,262,000 | 3,028,000 |
| Interest expense | 222,000 | 489,000 | 774,000 | 1,040,000 |
| Net interest income | 480,000 | 985,000 | 1,488,000 | 1,988,000 |
| Noninterest income | 7,000 | 29,000 | 25,000 | 57,000 |
| Noninterest expense | 418,000 | 899,000 | 1,404,000 | 1,898,000 |
| Provision for loan losses | 28,000 | 67,000 | 81,000 | 98,000 |
| Pretax income | 41,000 | 48,000 | 28,000 | -15,000 |
| Income tax | 11,000 | 13,000 | 8,000 | -4,000 |
| Net income | 30,000 | 35,000 | 20,000 | -11,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 4,739,000 | 4,844,000 | 4,853,000 | 4,846,000 |
| Total capital | 5,088,000 | 5,213,000 | 5,213,000 | 5,223,000 |
| Risk-weighted assets | 27,890,000 | 29,403,000 | 30,841,000 | 45,463,000 |