Call reports 2024
GULF CAPITAL BANK — 2024
What GULF CAPITAL 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 | 534,325,000 | 545,964,000 | 544,422,000 | 538,925,000 |
| Total loans | 202,601,000 | 222,131,000 | 209,519,000 | 209,499,000 |
| Allowance for loan losses | 3,186,000 | 3,271,000 | 3,596,000 | 2,684,000 |
| Securities available for sale | 308,439,000 | 297,014,000 | 280,921,000 | 259,718,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 412,883,000 | 376,949,000 | 391,805,000 | 434,090,000 |
| Interest-bearing deposits | 346,424,000 | 309,276,000 | 321,677,000 | 346,964,000 |
| Noninterest-bearing deposits | 66,459,000 | 67,673,000 | 70,128,000 | 87,126,000 |
| Equity capital | 66,744,000 | 67,546,000 | 72,428,000 | 69,254,000 |
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 | 7,760,000 | 15,512,000 | 23,677,000 | 31,518,000 |
| Interest expense | 5,144,000 | 10,024,000 | 14,915,000 | 19,280,000 |
| Net interest income | 2,616,000 | 5,488,000 | 8,762,000 | 12,238,000 |
| Noninterest income | 206,000 | 411,000 | 603,000 | 770,000 |
| Noninterest expense | 3,535,000 | 6,256,000 | 9,369,000 | 12,892,000 |
| Provision for loan losses | 0 | 85,000 | 410,000 | 411,000 |
| Pretax income | -974,000 | -684,000 | -386,000 | 36,000 |
| Income tax | -47,000 | -36,000 | -24,000 | 0 |
| Net income | -927,000 | -648,000 | -362,000 | 36,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 75,178,000 | 75,443,000 | 75,813,000 | 76,234,000 |
| Total capital | 78,579,000 | 78,939,000 | 79,664,000 | 79,181,000 |
| Risk-weighted assets | 358,714,000 | 388,358,000 | 377,988,000 | 359,614,000 |
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