Call reports 2024
LAKE ELMO BANK — 2024
What LAKE ELMO 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 | 494,661,000 | 499,408,000 | 508,159,000 | 515,771,000 |
| Total loans | 385,113,000 | 394,314,000 | 401,532,000 | 399,374,000 |
| Allowance for loan losses | 5,197,000 | 5,307,000 | 5,405,000 | 5,481,000 |
| Securities available for sale | 60,455,000 | 55,056,000 | 55,757,000 | 49,588,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 437,533,000 | 438,846,000 | 446,638,000 | 456,659,000 |
| Interest-bearing deposits | 325,172,000 | 323,741,000 | 327,560,000 | 336,687,000 |
| Noninterest-bearing deposits | 112,361,000 | 115,105,000 | 119,078,000 | 119,972,000 |
| Equity capital | 49,475,000 | 50,472,000 | 53,255,000 | 51,759,000 |
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 | 5,719,000 | 11,727,000 | 18,090,000 | 24,487,000 |
| Interest expense | 881,000 | 1,921,000 | 3,121,000 | 4,486,000 |
| Net interest income | 4,838,000 | 9,806,000 | 14,969,000 | 20,001,000 |
| Noninterest income | 726,000 | 1,261,000 | 1,905,000 | 2,587,000 |
| Noninterest expense | 3,119,000 | 6,255,000 | 9,448,000 | 12,601,000 |
| Provision for loan losses | 99,000 | 198,000 | 297,000 | 396,000 |
| Pretax income | 2,346,000 | 4,642,000 | 7,177,000 | 9,650,000 |
| Income tax | 192,000 | 380,000 | 589,000 | 845,000 |
| Net income | 2,154,000 | 4,262,000 | 6,588,000 | 8,805,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 53,706,000 | 54,349,000 | 55,899,000 | 55,047,000 |
| Total capital | 57,973,000 | 58,717,000 | 60,320,000 | 59,448,000 |
| Risk-weighted assets | 340,300,000 | 348,370,000 | 352,570,000 | 350,887,000 |