Call reports 2024
FIRST FEDERAL BANK — 2024
What FIRST FEDERAL 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 | 256,847,000 | 257,582,000 | 253,128,000 | 254,078,000 |
| Total loans | 184,500,000 | 183,578,000 | 182,702,000 | 187,970,000 |
| Allowance for loan losses | 2,012,000 | 1,870,000 | 1,870,000 | 1,870,000 |
| Securities available for sale | 49,758,000 | 49,441,000 | 50,464,000 | 47,686,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 235,689,000 | 235,744,000 | 229,823,000 | 228,458,000 |
| Interest-bearing deposits | 171,570,000 | 173,928,000 | 171,955,000 | 172,311,000 |
| Noninterest-bearing deposits | 64,119,000 | 61,816,000 | 57,868,000 | 56,147,000 |
| Equity capital | 15,066,000 | 15,762,000 | 17,270,000 | 16,033,000 |
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 | 2,660,000 | 5,373,000 | 8,048,000 | 10,781,000 |
| Interest expense | 919,000 | 1,863,000 | 2,857,000 | 3,857,000 |
| Net interest income | 1,741,000 | 3,510,000 | 5,191,000 | 6,924,000 |
| Noninterest income | 226,000 | 470,000 | 728,000 | 981,000 |
| Noninterest expense | 1,907,000 | 3,819,000 | 5,737,000 | 7,606,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 60,000 | 161,000 | 182,000 | 299,000 |
| Income tax | 16,000 | -61,000 | -56,000 | -24,000 |
| Net income | 44,000 | 222,000 | 238,000 | 323,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 24,303,000 | 24,612,000 | 24,628,000 | 24,712,000 |
| Total capital | 26,200,000 | 26,482,000 | 26,490,000 | 26,582,000 |
| Risk-weighted assets | 151,680,000 | 150,972,000 | 148,964,000 | 155,756,000 |