Call reports 2024
SHOREHAM BANK — 2024
What SHOREHAM 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 | 437,647,000 | 469,065,000 | 496,227,000 | 485,279,000 |
| Total loans | 384,028,000 | 406,841,000 | 439,836,000 | 428,309,000 |
| Allowance for loan losses | 7,518,000 | 8,140,000 | 8,697,000 | 9,079,000 |
| Securities available for sale | 12,579,000 | 14,259,000 | 14,554,000 | 14,220,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 374,644,000 | 413,262,000 | 427,098,000 | 424,463,000 |
| Interest-bearing deposits | 368,942,000 | 406,220,000 | 419,071,000 | 415,460,000 |
| Noninterest-bearing deposits | 5,702,000 | 7,042,000 | 8,027,000 | 9,003,000 |
| Equity capital | 51,646,000 | 52,492,000 | 53,446,000 | 53,430,000 |
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 | 8,844,000 | 18,206,000 | 28,209,000 | 38,454,000 |
| Interest expense | 3,486,000 | 7,310,000 | 11,635,000 | 15,914,000 |
| Net interest income | 5,358,000 | 10,896,000 | 16,574,000 | 22,540,000 |
| Noninterest income | 1,801,000 | 4,128,000 | 6,528,000 | 9,300,000 |
| Noninterest expense | 5,425,000 | 10,833,000 | 16,617,000 | 22,668,000 |
| Provision for loan losses | 875,000 | 2,190,000 | 3,090,000 | 4,040,000 |
| Pretax income | 859,000 | 2,001,000 | 3,395,000 | 5,132,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 859,000 | 2,001,000 | 3,395,000 | 5,132,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 52,015,000 | 52,933,000 | 53,562,000 | 53,857,000 |
| Total capital | 56,542,000 | 57,758,000 | 58,767,000 | 59,064,000 |
| Risk-weighted assets | 359,224,000 | 382,694,000 | 412,987,000 | 412,739,000 |