Call reports 2024
LOCUS BANK, INC. — 2024
What LOCUS BANK, INC. 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 | 319,816,000 | 314,734,000 | 327,381,000 | 337,369,000 |
| Total loans | 260,203,000 | 258,340,000 | 269,287,000 | 263,071,000 |
| Allowance for loan losses | 1,912,000 | 2,163,000 | 1,784,000 | 1,812,000 |
| Securities available for sale | 30,632,000 | 30,038,000 | 31,591,000 | 30,416,000 |
| Securities held to maturity | 4,503,000 | 4,519,000 | 4,478,000 | 4,469,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 217,348,000 | 204,814,000 | 226,570,000 | 236,311,000 |
| Interest-bearing deposits | 190,758,000 | 176,508,000 | 196,353,000 | 189,002,000 |
| Noninterest-bearing deposits | 26,590,000 | 28,306,000 | 30,217,000 | 47,309,000 |
| Equity capital | 67,104,000 | 67,522,000 | 68,911,000 | 68,953,000 |
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 | 4,139,000 | 8,293,000 | 12,564,000 | 17,204,000 |
| Interest expense | 1,848,000 | 3,813,000 | 5,858,000 | 7,978,000 |
| Net interest income | 2,291,000 | 4,480,000 | 6,706,000 | 9,226,000 |
| Noninterest income | 105,000 | 209,000 | 350,000 | 810,000 |
| Noninterest expense | 1,642,000 | 3,309,000 | 4,842,000 | 6,321,000 |
| Provision for loan losses | -22,000 | 229,000 | -150,000 | -117,000 |
| Pretax income | 781,000 | 1,154,000 | 2,368,000 | 3,808,000 |
| Income tax | 129,000 | 146,000 | 394,000 | 695,000 |
| Net income | 652,000 | 1,008,000 | 1,974,000 | 3,113,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 68,978,000 | 69,274,000 | 70,057,000 | 70,478,000 |