Call reports 2024
GENESEE REGIONAL BANK — 2024
What GENESEE REGIONAL 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 | 1,156,320,000 | 1,180,277,000 | 1,228,000,000 | 1,236,709,000 |
| Total loans | 824,438,000 | 869,705,000 | 898,593,000 | 933,219,000 |
| Allowance for loan losses | 9,786,000 | 10,257,000 | 10,558,000 | 10,825,000 |
| Securities available for sale | 202,010,000 | 197,748,000 | 198,015,000 | 188,522,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 822,142,000 | 905,444,000 | 935,495,000 | 980,406,000 |
| Interest-bearing deposits | 646,864,000 | 728,691,000 | 745,658,000 | 790,418,000 |
| Noninterest-bearing deposits | 175,278,000 | 176,753,000 | 189,837,000 | 189,988,000 |
| Equity capital | 88,354,000 | 90,425,000 | 98,321,000 | 96,166,000 |
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 | 14,670,000 | 29,911,000 | 46,507,000 | 63,214,000 |
| Interest expense | 8,123,000 | 16,971,000 | 26,116,000 | 34,838,000 |
| Net interest income | 6,547,000 | 12,940,000 | 20,391,000 | 28,376,000 |
| Noninterest income | 1,972,000 | 5,186,000 | 8,446,000 | 11,336,000 |
| Noninterest expense | 5,700,000 | 11,656,000 | 17,764,000 | 24,243,000 |
| Provision for loan losses | 407,000 | 877,000 | 1,175,000 | 1,442,000 |
| Pretax income | 2,344,000 | 5,521,000 | 8,838,000 | 12,959,000 |
| Income tax | 460,000 | 1,150,000 | 2,450,000 | 3,351,000 |
| Net income | 1,884,000 | 4,371,000 | 6,388,000 | 9,608,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 112,499,000 | 114,491,000 | 116,534,000 | 119,044,000 |