Call reports 2024
WATERFORD COMMERCIAL AND SAVINGS BANK, THE — 2024
What WATERFORD COMMERCIAL AND SAVINGS BANK, THE 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 | 57,676,000 | 57,892,000 | 57,463,000 | 56,333,000 |
| Total loans | 34,233,000 | 34,631,000 | 35,742,000 | 35,951,000 |
| Allowance for loan losses | 363,000 | 363,000 | 363,000 | 351,000 |
| Securities available for sale | 17,334,000 | 17,199,000 | 16,125,000 | 13,721,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 50,195,000 | 48,884,000 | 48,467,000 | 47,350,000 |
| Interest-bearing deposits | 37,854,000 | 35,589,000 | 35,648,000 | 33,832,000 |
| Noninterest-bearing deposits | 12,341,000 | 13,295,000 | 12,819,000 | 13,518,000 |
| Equity capital | 6,273,000 | 6,399,000 | 6,790,000 | 6,755,000 |
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 | 584,000 | 1,193,000 | 1,824,000 | 2,490,000 |
| Interest expense | 162,000 | 322,000 | 500,000 | 657,000 |
| Net interest income | 422,000 | 871,000 | 1,324,000 | 1,833,000 |
| Noninterest income | 82,000 | 169,000 | 259,000 | 346,000 |
| Noninterest expense | 440,000 | 914,000 | 1,364,000 | 1,880,000 |
| Provision for loan losses | 0 | 0 | 0 | -10,000 |
| Pretax income | 70,000 | 130,000 | 223,000 | 315,000 |
| Income tax | 12,000 | 22,000 | 39,000 | 57,000 |
| Net income | 58,000 | 108,000 | 184,000 | 258,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 7,390,000 | 7,410,000 | 7,456,000 | 7,500,000 |