Call reports 2024
APPLIED BANK — 2024
What APPLIED 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 | 213,905,000 | 217,787,000 | 278,399,000 | 259,021,000 |
| Total loans | 47,590,000 | 52,540,000 | 50,734,000 | 57,633,000 |
| Allowance for loan losses | 325,000 | 350,000 | 328,000 | 356,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 170,849,000 | 172,606,000 | 230,293,000 | 217,992,000 |
| Interest-bearing deposits | 87,021,000 | 84,193,000 | 107,962,000 | 104,087,000 |
| Noninterest-bearing deposits | 83,828,000 | 88,413,000 | 122,331,000 | 113,905,000 |
| Equity capital | 42,247,000 | 44,456,000 | 47,206,000 | 40,457,000 |
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 | 3,097,000 | 6,257,000 | 9,956,000 | 13,457,000 |
| Interest expense | 10,000 | 21,000 | 33,000 | 46,000 |
| Net interest income | 3,087,000 | 6,236,000 | 9,923,000 | 13,411,000 |
| Noninterest income | 689,000 | 1,372,000 | 2,008,000 | 2,619,000 |
| Noninterest expense | 1,450,000 | 2,950,000 | 4,400,000 | 5,842,000 |
| Provision for loan losses | 25,000 | 52,000 | 30,000 | 58,000 |
| Pretax income | 2,301,000 | 4,623,000 | 7,515,000 | 10,144,000 |
| Income tax | 112,000 | 225,000 | 366,000 | 494,000 |
| Net income | 2,189,000 | 4,398,000 | 7,149,000 | 9,650,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 42,247,000 | 44,456,000 | 47,206,000 | 40,458,000 |
| Total capital | 42,582,000 | 44,809,000 | 47,540,000 | 40,821,000 |
| Risk-weighted assets | 50,335,000 | 56,418,000 | 54,022,000 | 59,348,000 |