Call reports 2024
BUSINESS BANK, THE — 2024
What BUSINESS BANK, THE 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 | 169,806,000 | 218,470,000 | 257,839,000 | 261,157,000 |
| Total loans | 84,880,000 | 98,920,000 | 111,891,000 | 137,573,000 |
| Allowance for loan losses | 679,000 | 780,000 | 881,000 | 1,101,000 |
| Securities available for sale | 38,960,000 | 54,373,000 | 75,024,000 | 75,386,000 |
| Securities held to maturity | 24,408,000 | 24,411,000 | 24,416,000 | 24,428,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 142,779,000 | 191,471,000 | 230,108,000 | 236,473,000 |
| Interest-bearing deposits | 140,651,000 | 190,804,000 | 227,627,000 | 233,694,000 |
| Noninterest-bearing deposits | 2,128,000 | 667,000 | 2,481,000 | 2,779,000 |
| Equity capital | 26,235,000 | 25,754,000 | 26,808,000 | 23,720,000 |
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 | 2,188,000 | 4,824,000 | 7,990,000 | 11,380,000 |
| Interest expense | 1,275,000 | 2,938,000 | 5,029,000 | 7,044,000 |
| Net interest income | 913,000 | 1,886,000 | 2,961,000 | 4,336,000 |
| Noninterest income | 14,000 | 29,000 | 47,000 | 66,000 |
| Noninterest expense | 1,383,000 | 2,827,000 | 4,280,000 | 5,826,000 |
| Provision for loan losses | 68,000 | 168,000 | 269,000 | 489,000 |
| Pretax income | -525,000 | -1,140,000 | -1,581,000 | -2,006,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | -525,000 | -1,140,000 | -1,581,000 | -2,006,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 26,483,000 | 25,868,000 | 25,427,000 | 25,185,000 |
| Total capital | — | — | — | 26,378,000 |
| Risk-weighted assets | — | — | — | 150,069,000 |