Call reports 2024
METHOD BANK — 2024
What METHOD 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 | 117,493,000 | 117,765,000 | 122,096,000 | 164,378,000 |
| Total loans | 83,483,000 | 88,485,000 | 92,709,000 | 120,052,000 |
| Allowance for loan losses | 915,000 | 978,000 | 1,029,000 | 1,326,000 |
| Securities available for sale | 1,008,000 | 907,000 | 723,000 | 683,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 93,718,000 | 93,400,000 | 97,464,000 | 132,830,000 |
| Interest-bearing deposits | 82,894,000 | 84,882,000 | 89,057,000 | 123,067,000 |
| Noninterest-bearing deposits | 10,824,000 | 8,518,000 | 8,407,000 | 9,763,000 |
| Equity capital | 11,694,000 | 11,881,000 | 12,244,000 | 19,107,000 |
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 | 2,179,000 | 4,386,000 | 6,731,000 | 9,494,000 |
| Interest expense | 1,011,000 | 2,058,000 | 3,135,000 | 4,354,000 |
| Net interest income | 1,168,000 | 2,328,000 | 3,596,000 | 5,140,000 |
| Noninterest income | 69,000 | 142,000 | 191,000 | 297,000 |
| Noninterest expense | 1,061,000 | 2,044,000 | 3,059,000 | 4,131,000 |
| Provision for loan losses | 30,000 | 93,000 | 144,000 | 440,000 |
| Pretax income | 167,000 | 354,000 | 605,000 | 888,000 |
| Income tax | 0 | 0 | -100,000 | -14,000 |
| Net income | 167,000 | 354,000 | 705,000 | 902,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 10,763,000 | 10,981,000 | 11,364,000 | 18,267,000 |