Call reports 2024
BEVERLY BANK & TRUST COMPANY, NATIONAL ASSOCIATION — 2024
What BEVERLY BANK & TRUST COMPANY, NATIONAL ASSOCIATION 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 | 2,348,585,000 | 2,479,262,000 | 2,451,665,000 | 2,485,079,000 |
| Total loans | 1,887,776,000 | 1,954,441,000 | 1,904,552,000 | 1,950,518,000 |
| Allowance for loan losses | 14,782,000 | 15,606,000 | 16,434,000 | 17,269,000 |
| Securities available for sale | 140,426,000 | 136,188,000 | 91,725,000 | 101,529,000 |
| Securities held to maturity | 97,949,000 | 96,831,000 | 94,860,000 | 92,633,000 |
| Trading assets | 5,172,000 | 4,923,000 | 4,497,000 | 4,100,000 |
| Total deposits | 1,983,631,000 | 2,108,300,000 | 2,076,340,000 | 2,102,083,000 |
| Interest-bearing deposits | 1,634,965,000 | 1,718,534,000 | 1,734,341,000 | 1,746,990,000 |
| Noninterest-bearing deposits | 348,666,000 | 389,766,000 | 341,999,000 | 355,093,000 |
| Equity capital | 236,938,000 | 240,417,000 | 251,294,000 | 253,751,000 |
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 | 33,359,000 | 68,910,000 | 105,462,000 | 141,075,000 |
| Interest expense | 13,210,000 | 27,493,000 | 42,711,000 | 56,889,000 |
| Net interest income | 20,149,000 | 41,417,000 | 62,751,000 | 84,186,000 |
| Noninterest income | 9,049,000 | 18,933,000 | 28,691,000 | 38,667,000 |
| Noninterest expense | 17,258,000 | 35,492,000 | 54,509,000 | 74,575,000 |
| Provision for loan losses | -55,000 | 1,068,000 | 2,858,000 | 4,477,000 |
| Pretax income | 13,139,000 | 25,349,000 | 35,960,000 | 45,102,000 |
| Income tax | 3,178,000 | 6,383,000 | 9,222,000 | 11,664,000 |
| Net income | 9,961,000 | 18,966,000 | 26,738,000 | 33,438,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 231,457,000 | 235,960,000 | 239,245,000 | 246,565,000 |
| Total capital | 248,137,000 | 253,041,000 | 256,931,000 | 265,590,000 |
| Risk-weighted assets | 2,084,298,000 | 2,131,021,000 | 2,079,483,000 | 2,132,219,000 |