Call reports 2024
COMMENCEMENT BANK — 2024
What COMMENCEMENT 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 | 590,269,000 | 596,748,000 | 627,008,000 | 649,613,000 |
| Total loans | 446,811,000 | 464,370,000 | 465,879,000 | 467,319,000 |
| Allowance for loan losses | 5,242,000 | 5,532,000 | 5,543,000 | 5,590,000 |
| Securities available for sale | 97,988,000 | 94,432,000 | 95,161,000 | 90,055,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 535,806,000 | 535,439,000 | 568,404,000 | 592,092,000 |
| Interest-bearing deposits | 380,524,000 | 380,192,000 | 416,796,000 | 425,599,000 |
| Noninterest-bearing deposits | 155,282,000 | 155,247,000 | 151,608,000 | 166,493,000 |
| Equity capital | 49,285,000 | 48,858,000 | 52,187,000 | 51,125,000 |
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 | 6,856,000 | 14,227,000 | 21,775,000 | 29,815,000 |
| Interest expense | 2,455,000 | 5,169,000 | 7,881,000 | 10,319,000 |
| Net interest income | 4,401,000 | 9,058,000 | 13,894,000 | 19,496,000 |
| Noninterest income | 360,000 | 758,000 | 1,117,000 | 1,514,000 |
| Noninterest expense | 4,396,000 | 8,462,000 | 12,507,000 | 16,926,000 |
| Provision for loan losses | -500,000 | -500,000 | -500,000 | -500,000 |
| Pretax income | 865,000 | 1,772,000 | 2,943,000 | 3,582,000 |
| Income tax | 117,000 | 245,000 | 450,000 | 584,000 |
| Net income | 748,000 | 1,527,000 | 2,493,000 | 2,998,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 61,229,000 | 60,222,000 | 61,052,000 | 61,674,000 |
| Total capital | 66,707,000 | 66,065,000 | 66,885,000 | 67,551,000 |
| Risk-weighted assets | 479,255,000 | 499,509,000 | 501,817,000 | 493,239,000 |