Call reports 2024
HERRING BANK — 2024
What HERRING 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 | 495,626,000 | 496,314,000 | 500,758,000 | 490,953,000 |
| Total loans | 362,317,000 | 358,907,000 | 360,816,000 | 350,740,000 |
| Allowance for loan losses | 3,260,000 | 3,200,000 | 3,277,000 | 3,203,000 |
| Securities available for sale | 42,922,000 | 49,230,000 | 59,690,000 | 56,596,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 438,635,000 | 437,627,000 | 439,957,000 | 431,267,000 |
| Interest-bearing deposits | 281,060,000 | 280,946,000 | 280,125,000 | 273,300,000 |
| Noninterest-bearing deposits | 157,575,000 | 156,681,000 | 159,832,000 | 157,967,000 |
| Equity capital | 53,511,000 | 54,227,000 | 55,795,000 | 53,796,000 |
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 | 7,708,000 | 15,378,000 | 23,219,000 | 31,260,000 |
| Interest expense | 1,617,000 | 3,282,000 | 4,923,000 | 6,529,000 |
| Net interest income | 6,091,000 | 12,096,000 | 18,296,000 | 24,731,000 |
| Noninterest income | 2,588,000 | 5,272,000 | 7,546,000 | 9,569,000 |
| Noninterest expense | 7,661,000 | 15,728,000 | 24,113,000 | 32,818,000 |
| Provision for loan losses | 165,000 | 325,000 | 752,000 | 1,047,000 |
| Pretax income | 833,000 | 1,288,000 | 1,000,000 | 390,000 |
| Income tax | 0 | 0 | 0 | 21,000 |
| Net income | 833,000 | 1,288,000 | 1,000,000 | 369,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 63,237,000 | 63,692,000 | 63,405,000 | 62,776,000 |
| Total capital | 66,497,000 | 66,892,000 | 66,682,000 | 66,005,000 |
| Risk-weighted assets | 393,934,000 | 383,608,000 | 383,741,000 | 376,875,000 |