Call reports 2024
PROVIDENT BANK — 2024
What PROVIDENT 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 | 14,125,178,000 | 24,052,216,000 | 24,024,763,000 | 24,015,153,000 |
| Total loans | 10,842,707,000 | 18,763,779,000 | 18,800,366,000 | 18,821,824,000 |
| Allowance for loan losses | 106,429,000 | 188,331,000 | 191,175,000 | 193,432,000 |
| Securities available for sale | 1,666,307,000 | 2,626,783,000 | 2,725,110,000 | 2,768,915,000 |
| Securities held to maturity | 354,688,000 | 350,543,000 | 332,035,000 | 327,638,000 |
| Trading assets | 114,427,000 | 208,317,000 | 147,209,000 | 188,940,000 |
| Total deposits | 10,149,254,000 | 18,450,227,000 | 18,466,400,000 | 18,674,738,000 |
| Interest-bearing deposits | 8,043,576,000 | 13,740,776,000 | 14,546,625,000 | 14,763,544,000 |
| Noninterest-bearing deposits | 2,105,678,000 | 4,709,451,000 | 3,919,775,000 | 3,911,194,000 |
| Equity capital | 1,665,255,000 | 2,880,977,000 | 2,956,132,000 | 2,883,063,000 |
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 | 163,857,000 | 411,670,000 | 734,156,000 | 1,046,072,000 |
| Interest expense | 69,980,000 | 171,669,000 | 301,664,000 | 423,303,000 |
| Net interest income | 93,877,000 | 240,001,000 | 432,492,000 | 622,769,000 |
| Noninterest income | 20,718,000 | 45,737,000 | 72,118,000 | 96,658,000 |
| Noninterest expense | 70,866,000 | 186,161,000 | 321,505,000 | 455,337,000 |
| Provision for loan losses | 200,000 | 66,254,000 | 75,854,000 | 83,604,000 |
| Pretax income | 43,542,000 | 27,414,000 | 102,031,000 | 173,767,000 |
| Income tax | 10,888,000 | 1,055,000 | 19,905,000 | 34,090,000 |
| Net income | 32,654,000 | 26,359,000 | 82,126,000 | 139,677,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 1,367,361,000 | 2,239,149,000 | 2,279,622,000 | 2,265,907,000 |
| Total capital | 1,468,902,000 | 2,426,242,000 | 2,469,257,000 | 2,458,799,000 |
| Risk-weighted assets | 11,887,592,000 | 20,706,140,000 | 19,812,084,000 | 19,797,461,000 |