Call reports 2024
FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF NEWARK — 2024
What FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF NEWARK 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 | 272,773,000 | 281,203,000 | 287,378,000 | 293,041,000 |
| Total loans | 195,757,000 | 202,324,000 | 206,552,000 | 206,764,000 |
| Allowance for loan losses | 1,313,000 | 1,343,000 | 1,367,000 | 1,377,000 |
| Securities available for sale | 19,235,000 | 18,881,000 | 18,938,000 | 18,153,000 |
| Securities held to maturity | 31,571,000 | 31,042,000 | 29,473,000 | 29,044,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 228,678,000 | 238,232,000 | 244,214,000 | 252,029,000 |
| Interest-bearing deposits | 213,868,000 | 222,955,000 | 229,896,000 | 234,388,000 |
| Noninterest-bearing deposits | 14,810,000 | 15,277,000 | 14,318,000 | 17,641,000 |
| Equity capital | 36,670,000 | 36,808,000 | 37,404,000 | 37,301,000 |
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 | 3,278,000 | 6,744,000 | 10,359,000 | 14,147,000 |
| Interest expense | 1,636,000 | 3,474,000 | 5,464,000 | 7,449,000 |
| Net interest income | 1,642,000 | 3,270,000 | 4,895,000 | 6,698,000 |
| Noninterest income | 236,000 | 499,000 | 778,000 | 1,087,000 |
| Noninterest expense | 1,779,000 | 3,548,000 | 5,333,000 | 7,268,000 |
| Provision for loan losses | -3,000 | 27,000 | 52,000 | 62,000 |
| Pretax income | 105,000 | 212,000 | 291,000 | 478,000 |
| Income tax | 12,000 | 23,000 | 28,000 | 57,000 |
| Net income | 93,000 | 189,000 | 263,000 | 421,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 39,384,000 | 39,478,000 | 39,553,000 | 39,713,000 |