Call reports 2024
SANDY SPRING BANK — 2024
What SANDY SPRING 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 | 13,883,883,000 | 14,001,764,000 | 14,378,898,000 | 14,122,892,000 |
| Total loans | 11,380,912,000 | 11,502,881,000 | 11,513,835,000 | 11,561,438,000 |
| Allowance for loan losses | 123,093,000 | 125,860,000 | 131,425,000 | 134,399,000 |
| Securities available for sale | 1,100,741,000 | 1,101,846,000 | 1,149,056,000 | 1,140,783,000 |
| Securities held to maturity | 231,354,000 | 226,233,000 | 220,296,000 | 215,747,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 11,351,989,000 | 11,464,121,000 | 11,854,192,000 | 11,844,920,000 |
| Interest-bearing deposits | 8,534,053,000 | 8,532,708,000 | 8,951,121,000 | 9,039,982,000 |
| Noninterest-bearing deposits | 2,817,936,000 | 2,931,413,000 | 2,903,071,000 | 2,804,938,000 |
| Equity capital | 1,831,851,000 | 1,842,344,000 | 1,878,783,000 | 1,828,351,000 |
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 | 166,013,000 | 331,122,000 | 501,220,000 | 672,268,000 |
| Interest expense | 84,258,000 | 166,642,000 | 252,864,000 | 334,384,000 |
| Net interest income | 81,755,000 | 164,480,000 | 248,356,000 | 337,884,000 |
| Noninterest income | 18,606,000 | 38,408,000 | 58,329,000 | 80,181,000 |
| Noninterest expense | 67,559,000 | 135,120,000 | 207,688,000 | 341,562,000 |
| Provision for loan losses | 3,331,000 | 6,292,000 | 12,603,000 | 17,256,000 |
| Pretax income | 30,414,000 | 64,361,000 | 89,273,000 | 62,311,000 |
| Income tax | 7,583,000 | 16,187,000 | 22,484,000 | 31,810,000 |
| Net income | 22,831,000 | 48,174,000 | 66,789,000 | 30,501,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 1,551,177,000 | 1,560,639,000 | 1,569,158,000 | 1,589,408,000 |
| Total capital | 1,665,035,000 | 1,677,560,000 | 1,692,484,000 | 1,715,895,000 |
| Risk-weighted assets | 11,925,505,000 | 11,663,913,000 | 11,691,783,000 | 11,599,557,000 |