Call reports 2024
FIRST BANK ELK RIVER — 2024
What FIRST BANK ELK RIVER 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 | 352,259,000 | 361,349,000 | 362,153,000 | 356,951,000 |
| Total loans | 252,426,000 | 262,198,000 | 258,554,000 | 262,199,000 |
| Allowance for loan losses | 2,461,000 | 2,545,000 | 2,529,000 | 2,571,000 |
| Securities available for sale | 75,244,000 | 73,273,000 | 74,978,000 | 69,181,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 278,124,000 | 279,411,000 | 281,897,000 | 290,330,000 |
| Interest-bearing deposits | 192,681,000 | 195,824,000 | 195,661,000 | 197,321,000 |
| Noninterest-bearing deposits | 85,443,000 | 83,587,000 | 86,236,000 | 93,009,000 |
| Equity capital | 23,279,000 | 23,551,000 | 26,153,000 | 23,996,000 |
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 | 3,561,000 | 7,315,000 | 11,174,000 | 14,880,000 |
| Interest expense | 1,203,000 | 2,523,000 | 3,907,000 | 5,194,000 |
| Net interest income | 2,358,000 | 4,792,000 | 7,267,000 | 9,686,000 |
| Noninterest income | 385,000 | 787,000 | 1,192,000 | 1,591,000 |
| Noninterest expense | 2,365,000 | 4,625,000 | 6,821,000 | 8,884,000 |
| Provision for loan losses | 0 | 82,000 | 65,000 | 108,000 |
| Pretax income | 378,000 | 907,000 | 1,556,000 | 2,292,000 |
| Income tax | -258,000 | -109,000 | 75,000 | 284,000 |
| Net income | 636,000 | 1,016,000 | 1,481,000 | 2,008,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 34,338,000 | 34,718,000 | 34,583,000 | 35,110,000 |
| Total capital | 36,969,000 | — | — | — |
| Risk-weighted assets | 304,516,000 | — | — | — |