Call reports 2024
BRIDGEWATER BANK — 2024
What BRIDGEWATER 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 | 4,717,399,000 | 4,680,665,000 | 4,684,126,000 | 5,058,241,000 |
| Total loans | 3,777,849,000 | 3,794,171,000 | 3,679,885,000 | 3,861,713,000 |
| Allowance for loan losses | 51,347,000 | 51,949,000 | 51,018,000 | 52,277,000 |
| Securities available for sale | 633,282,000 | 601,057,000 | 664,715,000 | 768,247,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 3,828,145,000 | 3,822,514,000 | 3,770,097,000 | 4,105,755,000 |
| Interest-bearing deposits | 3,108,793,000 | 3,102,537,000 | 3,034,133,000 | 3,286,004,000 |
| Noninterest-bearing deposits | 719,352,000 | 719,977,000 | 735,964,000 | 819,751,000 |
| Equity capital | 501,010,000 | 511,783,000 | 516,486,000 | 524,886,000 |
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 | 58,668,000 | 119,540,000 | 182,564,000 | 245,885,000 |
| Interest expense | 32,752,000 | 67,348,000 | 103,479,000 | 138,560,000 |
| Net interest income | 25,916,000 | 52,192,000 | 79,085,000 | 107,325,000 |
| Noninterest income | 1,457,000 | 2,900,000 | 4,450,000 | 6,983,000 |
| Noninterest expense | 14,717,000 | 29,835,000 | 45,216,000 | 61,611,000 |
| Provision for loan losses | 850,000 | 1,450,000 | 1,450,000 | 2,900,000 |
| Pretax income | 11,999,000 | 24,320,000 | 37,354,000 | 49,557,000 |
| Income tax | 2,906,000 | 5,890,000 | 9,047,000 | 11,813,000 |
| Net income | 9,093,000 | 18,430,000 | 28,307,000 | 37,744,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 513,920,000 | 524,306,000 | 525,114,000 | 520,000,000 |
| Total capital | 565,440,000 | 572,982,000 | 573,720,000 | 573,158,000 |
| Risk-weighted assets | 4,118,873,000 | 4,089,117,000 | 4,021,868,000 | 4,250,041,000 |