Call reports 2024
FIRST NATIONAL BANK, CORTEZ — 2024
What FIRST NATIONAL BANK, CORTEZ 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 | 141,970,000 | 140,913,000 | 145,537,000 | 141,269,000 |
| Total loans | 87,093,000 | 85,901,000 | 88,002,000 | 90,892,000 |
| Allowance for loan losses | 1,101,000 | 1,101,000 | 1,103,000 | 1,157,000 |
| Securities available for sale | 20,374,000 | 18,856,000 | 18,771,000 | 19,807,000 |
| Securities held to maturity | 15,436,000 | 15,263,000 | 15,084,000 | 13,921,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 112,983,000 | 113,566,000 | 118,631,000 | 120,041,000 |
| Interest-bearing deposits | 79,022,000 | 80,558,000 | 86,175,000 | 87,989,000 |
| Noninterest-bearing deposits | 33,961,000 | 33,008,000 | 32,456,000 | 32,052,000 |
| Equity capital | 11,923,000 | 12,396,000 | 13,282,000 | 13,109,000 |
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 | 1,714,000 | 3,527,000 | 5,415,000 | 7,295,000 |
| Interest expense | 507,000 | 1,087,000 | 1,733,000 | 2,370,000 |
| Net interest income | 1,207,000 | 2,440,000 | 3,682,000 | 4,925,000 |
| Noninterest income | 122,000 | 249,000 | 379,000 | 511,000 |
| Noninterest expense | 875,000 | 1,768,000 | 2,687,000 | 3,572,000 |
| Provision for loan losses | 0 | 0 | 0 | 55,000 |
| Pretax income | 454,000 | 921,000 | 1,374,000 | 1,809,000 |
| Income tax | 113,000 | 214,000 | 319,000 | 443,000 |
| Net income | 341,000 | 707,000 | 1,055,000 | 1,366,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 13,932,000 | 14,297,000 | 14,644,000 | 14,960,000 |
| Total capital | 15,078,000 | 15,443,000 | 15,792,000 | 16,162,000 |
| Risk-weighted assets | 96,835,000 | 94,203,000 | 95,772,000 | 96,275,000 |