Call reports 2024
FARM BUREAU BANK FSB — 2024
What FARM BUREAU BANK FSB 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 | 1,216,130,000 | 1,209,582,000 | 1,206,044,000 | 1,187,675,000 |
| Total loans | 864,444,000 | 818,081,000 | 801,485,000 | 814,856,000 |
| Allowance for loan losses | 16,220,000 | 14,963,000 | 15,853,000 | 15,667,000 |
| Securities available for sale | 159,434,000 | 160,528,000 | 159,847,000 | 160,993,000 |
| Securities held to maturity | 11,476,000 | 11,144,000 | 10,634,000 | 10,392,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,066,096,000 | 1,057,455,000 | 1,053,872,000 | 1,038,743,000 |
| Interest-bearing deposits | 1,037,364,000 | 1,030,576,000 | 1,024,181,000 | 1,007,953,000 |
| Noninterest-bearing deposits | 28,732,000 | 26,879,000 | 29,691,000 | 30,790,000 |
| Equity capital | 97,836,000 | 100,253,000 | 103,105,000 | 98,742,000 |
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 | 20,887,000 | 41,970,000 | 63,227,000 | 83,896,000 |
| Interest expense | 9,120,000 | 18,913,000 | 28,894,000 | 38,816,000 |
| Net interest income | 11,767,000 | 23,057,000 | 34,333,000 | 45,080,000 |
| Noninterest income | 1,576,000 | 3,484,000 | 4,952,000 | 6,460,000 |
| Noninterest expense | 10,550,000 | 21,194,000 | 31,492,000 | 42,419,000 |
| Provision for loan losses | 2,420,000 | 3,157,000 | 6,432,000 | 8,607,000 |
| Pretax income | 367,000 | 2,188,000 | 1,345,000 | 512,000 |
| Income tax | 6,000 | 423,000 | 285,000 | 43,000 |
| Net income | 390,000 | 1,805,000 | 1,113,000 | 518,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 110,341,000 | 111,813,000 | 111,164,000 | 110,114,000 |
| Total capital | 122,281,000 | 122,687,000 | 122,257,000 | 121,419,000 |
| Risk-weighted assets | 954,950,000 | 903,947,000 | 886,802,000 | 904,207,000 |