Call reports 2024
LAKE RIDGE BANK — 2024
What LAKE RIDGE 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 | 2,999,075,000 | 2,978,900,000 | 3,033,593,000 | 3,134,251,000 |
| Total loans | 2,404,969,000 | 2,426,298,000 | 2,438,173,000 | 2,414,007,000 |
| Allowance for loan losses | 24,219,000 | 24,355,000 | 24,493,000 | 24,172,000 |
| Securities available for sale | 326,582,000 | 301,317,000 | 311,793,000 | 303,220,000 |
| Securities held to maturity | 5,752,000 | 6,012,000 | 6,022,000 | 6,033,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 2,446,860,000 | 2,452,443,000 | 2,487,525,000 | 2,598,405,000 |
| Interest-bearing deposits | 1,923,845,000 | 1,923,975,000 | 1,949,554,000 | 2,065,016,000 |
| Noninterest-bearing deposits | 523,015,000 | 528,468,000 | 537,971,000 | 533,389,000 |
| Equity capital | 300,156,000 | 301,592,000 | 312,998,000 | 309,849,000 |
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 | 37,676,000 | 75,271,000 | 113,239,000 | 152,292,000 |
| Interest expense | 20,128,000 | 39,976,000 | 59,101,000 | 77,630,000 |
| Net interest income | 17,548,000 | 35,295,000 | 54,138,000 | 74,662,000 |
| Noninterest income | 4,122,000 | 8,084,000 | 12,792,000 | 18,195,000 |
| Noninterest expense | 18,619,000 | 35,438,000 | 53,769,000 | 70,952,000 |
| Provision for loan losses | 246,000 | 492,000 | 738,000 | 3,401,000 |
| Pretax income | 2,870,000 | 7,528,000 | 12,817,000 | 19,229,000 |
| Income tax | 93,000 | 395,000 | 968,000 | 1,660,000 |
| Net income | 2,777,000 | 7,133,000 | 11,849,000 | 17,569,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 273,654,000 | 278,047,000 | 282,573,000 | 287,130,000 |
| Total capital | 299,573,000 | 304,102,000 | 308,766,000 | 312,700,000 |
| Risk-weighted assets | 2,621,761,000 | 2,626,253,000 | 2,645,766,000 | 2,632,642,000 |