Call reports 2024
CHELSEA STATE BANK — 2024
What CHELSEA STATE 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 | 416,396,000 | 407,215,000 | 396,587,000 | 405,817,000 |
| Total loans | 250,524,000 | 254,866,000 | 258,303,000 | 263,218,000 |
| Allowance for loan losses | 4,235,000 | 4,233,000 | 4,248,000 | 4,203,000 |
| Securities available for sale | 101,437,000 | 98,147,000 | 98,279,000 | 93,910,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 373,448,000 | 363,970,000 | 349,000,000 | 360,068,000 |
| Interest-bearing deposits | 250,883,000 | 244,625,000 | 236,489,000 | 250,110,000 |
| Noninterest-bearing deposits | 122,565,000 | 119,345,000 | 112,511,000 | 109,958,000 |
| Equity capital | 39,815,000 | 40,520,000 | 44,843,000 | 42,750,000 |
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 | 5,286,000 | 10,696,000 | 16,376,000 | 21,739,000 |
| Interest expense | 1,007,000 | 2,151,000 | 3,335,000 | 4,492,000 |
| Net interest income | 4,279,000 | 8,545,000 | 13,041,000 | 17,247,000 |
| Noninterest income | 258,000 | 656,000 | 1,209,000 | 1,518,000 |
| Noninterest expense | 3,201,000 | 6,274,000 | 8,701,000 | 11,194,000 |
| Provision for loan losses | -7,000 | -7,000 | -7,000 | 120,000 |
| Pretax income | 1,355,000 | 2,938,000 | 5,563,000 | 7,473,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 1,355,000 | 2,938,000 | 5,563,000 | 7,473,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 48,278,000 | 49,149,000 | 51,063,000 | 50,718,000 |
| Total capital | 51,727,000 | 52,646,000 | 54,590,000 | 54,341,000 |
| Risk-weighted assets | 275,135,000 | 279,074,000 | 281,425,000 | 289,291,000 |