Call reports 2024
SOUND BANKING COMPANY — 2024
What SOUND BANKING COMPANY 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 | 47,033,000 | 44,511,000 | 50,384,000 | 47,643,000 |
| Total loans | 37,632,000 | 38,000,000 | 38,471,000 | 37,316,000 |
| Allowance for loan losses | 634,000 | 634,000 | 634,000 | 634,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 41,013,000 | 38,947,000 | 44,543,000 | 42,138,000 |
| Interest-bearing deposits | 30,422,000 | 28,943,000 | 34,206,000 | 32,776,000 |
| Noninterest-bearing deposits | 10,591,000 | 10,004,000 | 10,337,000 | 9,362,000 |
| Equity capital | 5,879,000 | 5,387,000 | 5,671,000 | 5,438,000 |
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 | 745,000 | 1,506,000 | 2,358,000 | 3,244,000 |
| Interest expense | 143,000 | 301,000 | 509,000 | 736,000 |
| Net interest income | 602,000 | 1,205,000 | 1,849,000 | 2,508,000 |
| Noninterest income | 45,000 | 91,000 | 142,000 | 209,000 |
| Noninterest expense | 403,000 | 810,000 | 1,221,000 | 1,887,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 244,000 | 486,000 | 770,000 | 830,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 244,000 | 486,000 | 770,000 | 830,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 5,879,000 | 5,387,000 | 5,671,000 | 5,438,000 |
| Total capital | 6,364,000 | 5,885,000 | 6,178,000 | 5,917,000 |
| Risk-weighted assets | 38,697,000 | 39,716,000 | 40,444,000 | 38,159,000 |