Call reports 2024
BAYVANGUARD BANK — 2024
What BAYVANGUARD 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 | 883,699,000 | 888,369,000 | 884,205,000 | 904,057,000 |
| Total loans | 708,645,000 | 702,298,000 | 692,964,000 | 737,760,000 |
| Allowance for loan losses | 8,506,000 | 8,547,000 | 8,002,000 | 8,522,000 |
| Securities available for sale | 33,752,000 | 32,868,000 | 39,161,000 | 37,259,000 |
| Securities held to maturity | 10,158,000 | 10,094,000 | 6,033,000 | 5,983,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 687,041,000 | 691,263,000 | 682,812,000 | 686,333,000 |
| Interest-bearing deposits | 504,507,000 | 505,545,000 | 497,813,000 | 526,652,000 |
| Noninterest-bearing deposits | 182,534,000 | 185,718,000 | 184,999,000 | 159,681,000 |
| Equity capital | 178,809,000 | 179,846,000 | 183,400,000 | 184,741,000 |
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 | 11,015,000 | 22,642,000 | 34,772,000 | 46,547,000 |
| Interest expense | 2,142,000 | 4,540,000 | 7,077,000 | 9,667,000 |
| Net interest income | 8,873,000 | 18,102,000 | 27,695,000 | 36,880,000 |
| Noninterest income | 577,000 | 1,173,000 | 1,869,000 | 2,514,000 |
| Noninterest expense | 4,874,000 | 9,692,000 | 15,009,000 | 21,031,000 |
| Provision for loan losses | -133,000 | -159,000 | -836,000 | -347,000 |
| Pretax income | 4,557,000 | 9,675,000 | 15,362,000 | 18,566,000 |
| Income tax | 1,227,000 | 2,630,000 | 4,166,000 | 5,110,000 |
| Net income | 3,330,000 | 7,045,000 | 11,196,000 | 13,456,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 165,718,000 | 166,788,000 | 170,081,000 | 171,775,000 |
| Total capital | 174,374,000 | 175,398,000 | 178,325,000 | 180,632,000 |
| Risk-weighted assets | 692,294,000 | 688,629,000 | 675,845,000 | 708,559,000 |