Call reports 2024
ARMED FORCES BANK, NATIONAL ASSOCIATION — 2024
What ARMED FORCES BANK, NATIONAL ASSOCIATION 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 | 1,359,073,000 | 1,364,003,000 | 1,369,199,000 | 1,392,914,000 |
| Total loans | 782,839,000 | 868,692,000 | 845,893,000 | 822,540,000 |
| Allowance for loan losses | 11,127,000 | 11,785,000 | 11,702,000 | 11,475,000 |
| Securities available for sale | 311,464,000 | 302,543,000 | 332,061,000 | 323,540,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,173,909,000 | 1,175,917,000 | 1,170,465,000 | 1,200,469,000 |
| Interest-bearing deposits | 825,636,000 | 829,406,000 | 831,789,000 | 871,110,000 |
| Noninterest-bearing deposits | 348,273,000 | 346,511,000 | 338,676,000 | 329,359,000 |
| Equity capital | 161,223,000 | 165,240,000 | 176,501,000 | 170,240,000 |
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 | 14,749,000 | 30,339,000 | 46,417,000 | 62,482,000 |
| Interest expense | 3,732,000 | 7,652,000 | 11,619,000 | 15,456,000 |
| Net interest income | 11,017,000 | 22,687,000 | 34,798,000 | 47,026,000 |
| Noninterest income | 10,451,000 | 22,289,000 | 33,871,000 | 44,905,000 |
| Noninterest expense | 14,952,000 | 30,349,000 | 46,166,000 | 62,591,000 |
| Provision for loan losses | 1,200,000 | 2,500,000 | 3,100,000 | 3,650,000 |
| Pretax income | 5,274,000 | 12,053,000 | 19,512,000 | 25,743,000 |
| Income tax | 1,281,000 | 2,932,000 | 4,719,000 | 6,249,000 |
| Net income | 3,993,000 | 9,121,000 | 14,793,000 | 19,494,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 184,764,000 | 187,420,000 | 190,621,000 | 192,809,000 |
| Total capital | 195,264,000 | 198,873,000 | 201,717,000 | 203,403,000 |
| Risk-weighted assets | 839,190,000 | 915,727,000 | 886,857,000 | 846,523,000 |