Call reports 2024
WELCOME STATE BANK — 2024
What WELCOME STATE 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 | 40,985,000 | 39,503,000 | 40,401,000 | 42,482,000 |
| Total loans | 26,124,000 | 27,197,000 | 26,698,000 | 28,081,000 |
| Allowance for loan losses | 450,000 | 444,000 | 449,000 | 471,000 |
| Securities available for sale | 4,341,000 | 4,337,000 | 4,461,000 | 4,788,000 |
| Securities held to maturity | 139,000 | 139,000 | 116,000 | 116,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 36,146,000 | 33,914,000 | 35,320,000 | 37,480,000 |
| Interest-bearing deposits | 21,556,000 | 21,710,000 | 22,799,000 | 23,554,000 |
| Noninterest-bearing deposits | 14,590,000 | 12,204,000 | 12,521,000 | 13,926,000 |
| Equity capital | 4,501,000 | 4,606,000 | 4,908,000 | 4,879,000 |
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 | 538,000 | 1,099,000 | 1,675,000 | 2,271,000 |
| Interest expense | 87,000 | 188,000 | 306,000 | 422,000 |
| Net interest income | 451,000 | 911,000 | 1,369,000 | 1,849,000 |
| Noninterest income | 69,000 | 136,000 | 205,000 | 266,000 |
| Noninterest expense | 248,000 | 477,000 | 715,000 | 1,141,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 272,000 | 570,000 | 859,000 | 947,000 |
| Income tax | 17,000 | 35,000 | 49,000 | 91,000 |
| Net income | 255,000 | 535,000 | 810,000 | 856,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 4,579,000 | 4,703,000 | 4,897,000 | 4,943,000 |
| Total capital | 4,905,000 | 5,017,000 | 5,210,000 | 5,274,000 |
| Risk-weighted assets | 25,965,000 | 24,963,000 | 24,869,000 | 26,359,000 |