Call reports 2024
NEEDHAM BANK — 2024
What NEEDHAM 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 | 4,507,375,000 | 4,660,643,000 | 4,848,625,000 | 5,006,001,000 |
| Total loans | 3,955,161,000 | 4,097,445,000 | 4,249,152,000 | 4,333,207,000 |
| Allowance for loan losses | 34,306,000 | 37,857,000 | 37,605,000 | 38,744,000 |
| Securities available for sale | 207,169,000 | 205,065,000 | 202,541,000 | 228,205,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 3,777,620,000 | 3,922,822,000 | 4,047,396,000 | 4,182,356,000 |
| Interest-bearing deposits | 3,185,958,000 | 3,324,058,000 | 3,478,660,000 | 3,546,614,000 |
| Noninterest-bearing deposits | 591,662,000 | 598,764,000 | 568,736,000 | 635,742,000 |
| Equity capital | 584,406,000 | 592,872,000 | 594,115,000 | 606,765,000 |
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 | 66,742,000 | 135,898,000 | 209,854,000 | 285,268,000 |
| Interest expense | 29,560,000 | 61,959,000 | 96,638,000 | 135,195,000 |
| Net interest income | 37,182,000 | 73,939,000 | 113,216,000 | 150,073,000 |
| Noninterest income | 3,166,000 | 5,731,000 | 10,115,000 | 14,072,000 |
| Noninterest expense | 25,168,000 | 50,968,000 | 76,650,000 | 102,308,000 |
| Provision for loan losses | 3,890,000 | 8,319,000 | 13,316,000 | 14,934,000 |
| Pretax income | 10,751,000 | 20,606,000 | 34,095,000 | 47,847,000 |
| Income tax | 3,038,000 | 4,977,000 | 11,063,000 | 13,444,000 |
| Net income | 7,713,000 | 15,629,000 | 23,032,000 | 34,403,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 595,235,000 | 603,178,000 | 600,456,000 | 614,156,000 |
| Total capital | 636,094,000 | 646,826,000 | 641,478,000 | 656,103,000 |
| Risk-weighted assets | 4,292,429,000 | 4,333,679,000 | 4,617,476,000 | 4,651,042,000 |
Machine access — free, no API key
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