Call reports 2024
EASTERN CONNECTICUT SAVINGS BANK — 2024
What EASTERN CONNECTICUT SAVINGS 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 | 264,554,000 | 267,089,000 | 260,753,000 | 263,872,000 |
| Total loans | 236,952,000 | 232,402,000 | 227,737,000 | 226,136,000 |
| Allowance for loan losses | 1,723,000 | 1,723,000 | 1,593,000 | 1,595,000 |
| Securities available for sale | 47,000 | 41,000 | 36,000 | 32,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 231,950,000 | 238,456,000 | 232,321,000 | 235,621,000 |
| Interest-bearing deposits | 183,240,000 | 188,519,000 | 182,574,000 | 182,717,000 |
| Noninterest-bearing deposits | 48,710,000 | 49,937,000 | 49,747,000 | 52,904,000 |
| Equity capital | 18,995,000 | 18,951,000 | 18,828,000 | 18,644,000 |
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 | 2,906,000 | 5,843,000 | 8,739,000 | 11,671,000 |
| Interest expense | 1,172,000 | 2,342,000 | 3,532,000 | 4,715,000 |
| Net interest income | 1,734,000 | 3,501,000 | 5,207,000 | 6,956,000 |
| Noninterest income | 267,000 | 626,000 | 850,000 | 1,165,000 |
| Noninterest expense | 2,131,000 | 4,322,000 | 6,494,000 | 8,788,000 |
| Provision for loan losses | 0 | 0 | -125,000 | -125,000 |
| Pretax income | -130,000 | -195,000 | -312,000 | -542,000 |
| Income tax | -35,000 | -56,000 | -49,000 | -95,000 |
| Net income | -95,000 | -139,000 | -263,000 | -447,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 18,760,000 | 18,716,000 | 18,558,000 | 18,374,000 |
| Total capital | 20,503,000 | 20,459,000 | 20,171,000 | 19,989,000 |
| Risk-weighted assets | 180,442,000 | 178,543,000 | 174,788,000 | 174,587,000 |