Call reports 2024
PLATINUM BANK — 2024
What PLATINUM 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 | 558,727,000 | 624,780,000 | 655,059,000 | 636,677,000 |
| Total loans | 492,193,000 | 523,932,000 | 548,501,000 | 556,692,000 |
| Allowance for loan losses | 5,865,000 | 6,269,000 | 6,801,000 | 6,235,000 |
| Securities available for sale | 53,624,000 | 54,751,000 | 59,744,000 | 60,185,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 445,391,000 | 508,467,000 | 556,214,000 | 536,382,000 |
| Interest-bearing deposits | 348,506,000 | 386,731,000 | 429,894,000 | 434,301,000 |
| Noninterest-bearing deposits | 96,885,000 | 121,736,000 | 126,320,000 | 102,081,000 |
| Equity capital | 45,182,000 | 47,475,000 | 50,275,000 | 51,523,000 |
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 | 9,060,000 | 19,184,000 | 30,553,000 | 41,493,000 |
| Interest expense | 4,388,000 | 9,416,000 | 14,989,000 | 19,843,000 |
| Net interest income | 4,672,000 | 9,768,000 | 15,564,000 | 21,650,000 |
| Noninterest income | 1,315,000 | 3,272,000 | 4,243,000 | 6,087,000 |
| Noninterest expense | 3,650,000 | 7,252,000 | 10,992,000 | 15,647,000 |
| Provision for loan losses | 414,000 | 939,000 | 1,464,000 | 1,664,000 |
| Pretax income | 1,923,000 | 4,849,000 | 7,351,000 | 10,426,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 1,923,000 | 4,849,000 | 7,351,000 | 10,426,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 48,306,000 | 50,378,000 | 51,980,000 | 53,680,000 |
| Total capital | 53,849,000 | 56,098,000 | 57,962,000 | 59,789,000 |
| Risk-weighted assets | 443,153,000 | 457,071,000 | 477,763,000 | 488,522,000 |