Call reports 2024
WEST POINT BANK — 2024
What WEST POINT 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 | 489,097,000 | 492,413,000 | 502,446,000 | 525,049,000 |
| Total loans | 378,973,000 | 385,349,000 | 392,837,000 | 414,923,000 |
| Allowance for loan losses | 1,863,000 | 1,897,000 | 1,931,000 | 2,026,000 |
| Securities available for sale | 78,287,000 | 77,983,000 | 80,262,000 | 76,935,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 368,287,000 | 367,239,000 | 406,379,000 | 433,149,000 |
| Interest-bearing deposits | 299,747,000 | 300,106,000 | 328,532,000 | 361,277,000 |
| Noninterest-bearing deposits | 68,540,000 | 67,133,000 | 77,847,000 | 71,872,000 |
| Equity capital | 29,524,000 | 29,442,000 | 32,190,000 | 31,299,000 |
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 | 6,656,000 | 13,654,000 | 20,894,000 | 28,555,000 |
| Interest expense | 4,366,000 | 8,816,000 | 13,193,000 | 17,564,000 |
| Net interest income | 2,290,000 | 4,838,000 | 7,701,000 | 10,991,000 |
| Noninterest income | 274,000 | 592,000 | 897,000 | 1,212,000 |
| Noninterest expense | 1,831,000 | 4,119,000 | 6,389,000 | 8,641,000 |
| Provision for loan losses | 94,000 | 127,000 | 156,000 | 250,000 |
| Pretax income | 646,000 | 1,188,000 | 2,045,000 | 3,294,000 |
| Income tax | 177,000 | 235,000 | 418,000 | 467,000 |
| Net income | 469,000 | 953,000 | 1,627,000 | 2,827,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 39,658,000 | 40,017,000 | 40,541,000 | 41,615,000 |
| Total capital | 41,596,000 | 41,992,000 | 42,562,000 | 43,742,000 |
| Risk-weighted assets | 358,700,000 | 366,537,000 | 375,298,000 | 394,948,000 |