Call reports 2024
AMERICAN COMMUNITY BANK & TRUST — 2024
What AMERICAN COMMUNITY BANK & TRUST 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 | 1,099,299,000 | 1,054,755,000 | 1,110,463,000 | 969,755,000 |
| Total loans | 619,334,000 | 656,302,000 | 669,090,000 | 677,782,000 |
| Allowance for loan losses | 7,853,000 | 7,448,000 | 7,650,000 | 7,868,000 |
| Securities available for sale | 325,249,000 | 307,571,000 | 280,999,000 | 206,838,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 876,145,000 | 851,585,000 | 900,938,000 | 824,604,000 |
| Interest-bearing deposits | 647,894,000 | 640,422,000 | 662,939,000 | 577,955,000 |
| Noninterest-bearing deposits | 228,251,000 | 211,163,000 | 237,999,000 | 246,649,000 |
| Equity capital | 101,777,000 | 104,438,000 | 105,676,000 | 106,331,000 |
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 | 13,662,000 | 27,657,000 | 42,378,000 | 56,867,000 |
| Interest expense | 6,511,000 | 12,909,000 | 19,297,000 | 25,005,000 |
| Net interest income | 7,151,000 | 14,748,000 | 23,081,000 | 31,862,000 |
| Noninterest income | 1,026,000 | 2,186,000 | 3,358,000 | 4,583,000 |
| Noninterest expense | 4,665,000 | 9,634,000 | 14,557,000 | 20,271,000 |
| Provision for loan losses | 183,000 | 835,000 | 1,267,000 | 1,485,000 |
| Pretax income | 4,222,000 | 7,785,000 | 11,842,000 | 15,610,000 |
| Income tax | 1,026,000 | 1,843,000 | 2,788,000 | 3,724,000 |
| Net income | 3,196,000 | 5,942,000 | 9,054,000 | 11,886,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 108,716,000 | 110,545,000 | 109,742,000 | 110,659,000 |