Call reports 2024
ANDOVER STATE BANK — 2024
What ANDOVER STATE 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 | 198,283,000 | 209,513,000 | 216,978,000 | 214,873,000 |
| Total loans | 176,570,000 | 184,081,000 | 185,841,000 | 184,196,000 |
| Allowance for loan losses | 2,208,000 | 2,309,000 | 2,346,000 | 2,364,000 |
| Securities available for sale | 10,868,000 | 10,863,000 | 11,621,000 | 12,279,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 174,044,000 | 180,998,000 | 193,909,000 | 194,120,000 |
| Interest-bearing deposits | 148,767,000 | 156,421,000 | 165,628,000 | 166,881,000 |
| Noninterest-bearing deposits | 25,277,000 | 24,577,000 | 28,281,000 | 27,239,000 |
| Equity capital | 15,991,000 | 16,349,000 | 16,952,000 | 16,918,000 |
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 | 2,745,000 | 5,707,000 | 8,850,000 | 12,034,000 |
| Interest expense | 1,120,000 | 2,426,000 | 3,842,000 | 5,170,000 |
| Net interest income | 1,625,000 | 3,281,000 | 5,008,000 | 6,864,000 |
| Noninterest income | 174,000 | 461,000 | 629,000 | 830,000 |
| Noninterest expense | 1,206,000 | 2,517,000 | 3,831,000 | 5,141,000 |
| Provision for loan losses | 77,000 | 178,000 | 216,000 | 233,000 |
| Pretax income | 529,000 | 1,070,000 | 1,615,000 | 2,363,000 |
| Income tax | 128,000 | 255,000 | 364,000 | 543,000 |
| Net income | 401,000 | 815,000 | 1,251,000 | 1,820,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 16,938,000 | 17,243,000 | 17,602,000 | 17,775,000 |
| Total capital | 19,181,000 | 19,536,000 | 19,908,000 | 20,055,000 |
| Risk-weighted assets | 179,428,000 | 183,376,000 | 184,408,000 | 182,334,000 |