Call reports 2024
UNIVERSITY BANK — 2024
What UNIVERSITY 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 | 940,473,000 | 996,681,000 | 971,251,000 | 956,188,000 |
| Total loans | 820,411,000 | 877,895,000 | 850,168,000 | 841,649,000 |
| Allowance for loan losses | 4,586,000 | 4,747,000 | 4,928,000 | 5,083,000 |
| Securities available for sale | 45,000 | 44,000 | 44,000 | 42,000 |
| Securities held to maturity | 15,064,000 | 15,361,000 | 15,932,000 | 16,593,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 742,419,000 | 813,033,000 | 816,864,000 | 731,266,000 |
| Interest-bearing deposits | 339,201,000 | 360,983,000 | 385,544,000 | 401,724,000 |
| Noninterest-bearing deposits | 403,218,000 | 452,050,000 | 431,320,000 | 329,542,000 |
| Equity capital | 93,913,000 | 98,151,000 | 98,544,000 | 100,083,000 |
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 | 13,708,000 | 28,035,000 | 43,082,000 | 57,981,000 |
| Interest expense | 4,966,000 | 9,629,000 | 14,036,000 | 18,573,000 |
| Net interest income | 8,742,000 | 18,406,000 | 29,046,000 | 39,408,000 |
| Noninterest income | 15,350,000 | 32,648,000 | 49,428,000 | 67,682,000 |
| Noninterest expense | 20,273,000 | 42,704,000 | 65,508,000 | 89,556,000 |
| Provision for loan losses | 175,000 | 331,000 | 507,000 | 658,000 |
| Pretax income | 3,614,000 | 7,939,000 | 12,371,000 | 16,783,000 |
| Income tax | 763,000 | 1,677,000 | 2,584,000 | 3,095,000 |
| Net income | 2,540,000 | 5,566,000 | 8,819,000 | 12,337,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 92,013,000 | 96,202,000 | 99,903,000 | 99,805,000 |