Call reports 2024
FIRST PORT CITY BANK — 2024
What FIRST PORT CITY 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 | 520,259,000 | 547,719,000 | 553,345,000 | 558,805,000 |
| Total loans | 396,080,000 | 410,831,000 | 446,543,000 | 445,331,000 |
| Allowance for loan losses | 5,421,000 | 5,508,000 | 5,543,000 | 5,719,000 |
| Securities available for sale | 44,409,000 | 41,392,000 | 50,924,000 | 47,196,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 472,442,000 | 498,174,000 | 500,544,000 | 506,720,000 |
| Interest-bearing deposits | 371,634,000 | 400,876,000 | 406,292,000 | 409,468,000 |
| Noninterest-bearing deposits | 100,808,000 | 97,298,000 | 94,252,000 | 97,252,000 |
| Equity capital | 44,320,000 | 45,755,000 | 48,162,000 | 48,423,000 |
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 | 7,641,000 | 15,958,000 | 24,687,000 | 33,677,000 |
| Interest expense | 3,210,000 | 6,762,000 | 10,473,000 | 14,120,000 |
| Net interest income | 4,431,000 | 9,196,000 | 14,214,000 | 19,557,000 |
| Noninterest income | 530,000 | 1,329,000 | 2,155,000 | 2,688,000 |
| Noninterest expense | 3,449,000 | 6,920,000 | 10,536,000 | 14,529,000 |
| Provision for loan losses | 50,000 | 135,000 | 270,000 | 420,000 |
| Pretax income | 1,450,000 | 3,443,000 | 5,526,000 | 7,259,000 |
| Income tax | 359,000 | 783,000 | 1,245,000 | 1,591,000 |
| Net income | 1,091,000 | 2,660,000 | 4,281,000 | 5,668,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 48,263,000 | 49,670,000 | 51,131,000 | 52,354,000 |
| Total capital | 53,065,000 | 54,618,000 | 56,468,000 | 57,666,000 |
| Risk-weighted assets | 383,463,000 | 395,193,000 | 426,631,000 | 424,439,000 |