Call reports 2024
BANK OF SALEM — 2024
What BANK OF SALEM 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 | 183,277,000 | 184,890,000 | 248,053,000 | 247,360,000 |
| Total loans | 133,674,000 | 137,854,000 | 194,568,000 | 196,625,000 |
| Allowance for loan losses | 2,538,000 | 2,557,000 | 3,410,000 | 3,439,000 |
| Securities available for sale | 10,978,000 | 10,169,000 | 13,038,000 | 12,975,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 162,158,000 | 164,086,000 | 217,781,000 | 216,435,000 |
| Interest-bearing deposits | 119,541,000 | 120,484,000 | 171,742,000 | 170,167,000 |
| Noninterest-bearing deposits | 42,617,000 | 43,602,000 | 46,039,000 | 46,268,000 |
| Equity capital | 20,768,000 | 20,419,000 | 28,697,000 | 29,657,000 |
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 | 2,949,000 | 5,762,000 | 11,942,000 | 16,079,000 |
| Interest expense | 855,000 | 1,815,000 | 4,227,000 | 5,715,000 |
| Net interest income | 2,094,000 | 3,947,000 | 7,715,000 | 10,364,000 |
| Noninterest income | 262,000 | 505,000 | 863,000 | 1,136,000 |
| Noninterest expense | 1,173,000 | 2,396,000 | 4,908,000 | 6,734,000 |
| Provision for loan losses | 42,000 | 57,000 | 134,000 | 179,000 |
| Pretax income | 1,141,000 | 1,999,000 | 3,536,000 | 4,587,000 |
| Income tax | 55,000 | 100,000 | 175,000 | 202,000 |
| Net income | 1,086,000 | 1,899,000 | 3,361,000 | 4,385,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 21,565,000 | 21,221,000 | 29,386,000 | 30,409,000 |