Call reports 2024
SPECTRA BANK — 2024
What SPECTRA 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 | 82,730,000 | 84,300,000 | 99,929,000 | 102,840,000 |
| Total loans | 51,244,000 | 52,831,000 | 50,344,000 | 53,724,000 |
| Allowance for loan losses | 782,000 | 782,000 | 754,000 | 700,000 |
| Securities available for sale | 15,732,000 | 15,781,000 | 16,259,000 | 15,923,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 77,874,000 | 80,659,000 | 95,581,000 | 98,124,000 |
| Interest-bearing deposits | 49,871,000 | 50,849,000 | 58,334,000 | 66,413,000 |
| Noninterest-bearing deposits | 28,003,000 | 29,810,000 | 37,247,000 | 31,711,000 |
| Equity capital | 3,180,000 | 3,311,000 | 3,901,000 | 3,764,000 |
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 | 1,226,000 | 2,374,000 | 3,648,000 | 4,958,000 |
| Interest expense | 552,000 | 1,094,000 | 1,720,000 | 2,397,000 |
| Net interest income | 674,000 | 1,280,000 | 1,928,000 | 2,561,000 |
| Noninterest income | 386,000 | 787,000 | 1,192,000 | 1,801,000 |
| Noninterest expense | 953,000 | 1,889,000 | 2,840,000 | 3,892,000 |
| Provision for loan losses | 0 | 0 | 0 | -54,000 |
| Pretax income | 107,000 | 178,000 | 280,000 | 470,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 107,000 | 178,000 | 280,000 | 470,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 4,817,000 | 4,889,000 | 4,992,000 | 5,182,000 |
| Total capital | 5,523,000 | 5,618,000 | 5,729,000 | 5,936,000 |
| Risk-weighted assets | 56,442,000 | 58,301,000 | 58,999,000 | 63,274,000 |