Call reports 2024
RIVERS EDGE BANK — 2024
What RIVERS EDGE 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 | 292,645,000 | 301,244,000 | 306,229,000 | 304,921,000 |
| Total loans | 206,211,000 | 212,419,000 | 213,072,000 | 221,081,000 |
| Allowance for loan losses | 2,375,000 | 2,317,000 | 2,395,000 | 2,446,000 |
| Securities available for sale | 70,706,000 | 69,590,000 | 74,853,000 | 68,424,000 |
| Securities held to maturity | 2,485,000 | 2,493,000 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 260,136,000 | 269,417,000 | 263,062,000 | 262,755,000 |
| Interest-bearing deposits | 211,738,000 | 225,094,000 | 218,471,000 | 215,125,000 |
| Noninterest-bearing deposits | 48,398,000 | 44,323,000 | 44,591,000 | 47,630,000 |
| Equity capital | 24,288,000 | 24,592,000 | 26,761,000 | 26,099,000 |
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 | 3,752,000 | 7,724,000 | 11,837,000 | 16,009,000 |
| Interest expense | 1,641,000 | 3,434,000 | 5,369,000 | 7,181,000 |
| Net interest income | 2,111,000 | 4,290,000 | 6,468,000 | 8,828,000 |
| Noninterest income | 98,000 | 215,000 | 405,000 | 605,000 |
| Noninterest expense | 1,700,000 | 3,746,000 | 5,302,000 | 6,872,000 |
| Provision for loan losses | 25,000 | 75,000 | 150,000 | 200,000 |
| Pretax income | 484,000 | 684,000 | 1,421,000 | 2,361,000 |
| Income tax | 16,000 | 15,000 | 51,000 | 115,000 |
| Net income | 468,000 | 669,000 | 1,370,000 | 2,246,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 23,186,000 | 23,386,000 | 23,888,000 | 24,464,000 |
| Total capital | 25,603,000 | 25,744,000 | 26,324,000 | 26,951,000 |
| Risk-weighted assets | 208,773,000 | 217,145,000 | 221,975,000 | 229,002,000 |