Call reports 2024
NORTHERN STATE BANK — 2024
What NORTHERN STATE 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 | 311,225,000 | 303,476,000 | 307,342,000 | 304,085,000 |
| Total loans | 158,684,000 | 161,011,000 | 165,353,000 | 162,302,000 |
| Allowance for loan losses | 1,370,000 | 1,408,000 | 1,446,000 | 1,459,000 |
| Securities available for sale | 93,273,000 | 88,269,000 | 87,234,000 | 88,631,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 283,753,000 | 275,539,000 | 275,692,000 | 274,729,000 |
| Interest-bearing deposits | 245,664,000 | 238,040,000 | 244,998,000 | 245,050,000 |
| Noninterest-bearing deposits | 38,089,000 | 37,499,000 | 30,694,000 | 29,679,000 |
| Equity capital | 27,098,000 | 27,504,000 | 31,174,000 | 29,008,000 |
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 | 3,519,000 | 7,054,000 | 10,795,000 | 14,614,000 |
| Interest expense | 572,000 | 1,189,000 | 1,935,000 | 2,711,000 |
| Net interest income | 2,947,000 | 5,865,000 | 8,860,000 | 11,903,000 |
| Noninterest income | 292,000 | 553,000 | 801,000 | 1,066,000 |
| Noninterest expense | 1,553,000 | 3,247,000 | 4,835,000 | 6,603,000 |
| Provision for loan losses | 30,000 | 60,000 | 17,000 | 31,000 |
| Pretax income | 1,631,000 | 3,086,000 | 4,711,000 | 6,221,000 |
| Income tax | 9,000 | 9,000 | 9,000 | 9,000 |
| Net income | 1,622,000 | 3,077,000 | 4,702,000 | 6,212,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 28,613,000 | 29,069,000 | 29,694,000 | 30,203,000 |
| Total capital | 29,984,000 | 30,478,000 | 31,213,000 | 31,752,000 |
| Risk-weighted assets | 164,693,000 | 168,913,000 | 177,836,000 | 174,155,000 |