Call reports 2024
SACO & BIDDEFORD SAVINGS INSTITUTION — 2024
What SACO & BIDDEFORD SAVINGS INSTITUTION 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 | 1,393,711,000 | 1,404,406,000 | 1,427,194,000 | 1,411,602,000 |
| Total loans | 1,099,629,000 | 1,119,255,000 | 1,138,419,000 | 1,136,109,000 |
| Allowance for loan losses | 4,686,000 | 4,686,000 | 4,778,000 | 4,778,000 |
| Securities available for sale | 182,396,000 | 180,146,000 | 188,842,000 | 182,368,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 978,717,000 | 980,636,000 | 1,006,052,000 | 1,011,066,000 |
| Interest-bearing deposits | 812,551,000 | 805,624,000 | 829,555,000 | 845,213,000 |
| Noninterest-bearing deposits | 166,166,000 | 175,012,000 | 176,497,000 | 165,853,000 |
| Equity capital | 122,061,000 | 121,628,000 | 126,250,000 | 125,438,000 |
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 | 14,688,000 | 29,622,000 | 45,286,000 | 61,224,000 |
| Interest expense | 8,663,000 | 17,410,000 | 26,412,000 | 35,608,000 |
| Net interest income | 6,025,000 | 12,212,000 | 18,874,000 | 25,616,000 |
| Noninterest income | 2,376,000 | 4,810,000 | 7,464,000 | 10,608,000 |
| Noninterest expense | 8,933,000 | 17,743,000 | 26,353,000 | 35,078,000 |
| Provision for loan losses | 0 | 0 | 70,000 | 70,000 |
| Pretax income | -167,000 | -303,000 | 756,000 | 1,888,000 |
| Income tax | -40,000 | -85,000 | 140,000 | 375,000 |
| Net income | -127,000 | -218,000 | 616,000 | 1,513,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 142,360,000 | 142,279,000 | 143,122,000 | 144,036,000 |