Call reports 2024
FIRST STATE BANK OF MIDDLEBURY — 2024
What FIRST STATE BANK OF MIDDLEBURY 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 | 773,023,000 | 782,571,000 | 797,939,000 | 787,583,000 |
| Total loans | 590,478,000 | 600,493,000 | 607,219,000 | 612,553,000 |
| Allowance for loan losses | 7,417,000 | 7,373,000 | 7,471,000 | 7,600,000 |
| Securities available for sale | 136,533,000 | 135,056,000 | 138,005,000 | 130,620,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 615,969,000 | 612,877,000 | 632,519,000 | 623,352,000 |
| Interest-bearing deposits | 484,426,000 | 485,401,000 | 498,730,000 | 490,661,000 |
| Noninterest-bearing deposits | 131,543,000 | 127,476,000 | 133,789,000 | 132,691,000 |
| Equity capital | 74,949,000 | 77,010,000 | 82,987,000 | 80,535,000 |
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 | 10,161,000 | 20,672,000 | 31,560,000 | 42,411,000 |
| Interest expense | 3,364,000 | 6,976,000 | 10,677,000 | 14,218,000 |
| Net interest income | 6,797,000 | 13,696,000 | 20,883,000 | 28,193,000 |
| Noninterest income | 3,633,000 | 4,808,000 | 6,062,000 | 7,219,000 |
| Noninterest expense | 4,924,000 | 9,781,000 | 14,658,000 | 19,765,000 |
| Provision for loan losses | -121,000 | -234,000 | -138,000 | 10,000 |
| Pretax income | 3,175,000 | 6,510,000 | 9,980,000 | 13,183,000 |
| Income tax | 521,000 | 1,114,000 | 1,756,000 | 2,059,000 |
| Net income | 2,654,000 | 5,396,000 | 8,224,000 | 11,124,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 94,914,000 | 97,006,000 | 99,184,000 | 101,434,000 |
| Total capital | 102,484,000 | 104,527,000 | 106,802,000 | 109,188,000 |
| Risk-weighted assets | 607,123,000 | 615,742,000 | 622,920,000 | 627,363,000 |