Call reports 2024
PROSPECT BANK — 2024
What PROSPECT 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 | 741,654,000 | 743,512,000 | 755,798,000 | 724,909,000 |
| Total loans | 514,026,000 | 519,937,000 | 517,900,000 | 502,712,000 |
| Allowance for loan losses | 5,122,000 | 6,510,000 | 5,376,000 | 4,623,000 |
| Securities available for sale | 179,235,000 | 178,788,000 | 183,608,000 | 171,705,000 |
| Securities held to maturity | 5,037,000 | 5,037,000 | 5,037,000 | 4,406,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 560,501,000 | 541,824,000 | 607,834,000 | 601,771,000 |
| Interest-bearing deposits | 478,057,000 | 477,755,000 | 540,642,000 | 514,729,000 |
| Noninterest-bearing deposits | 82,444,000 | 64,069,000 | 67,192,000 | 87,042,000 |
| Equity capital | 29,958,000 | 30,990,000 | 36,742,000 | 32,630,000 |
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 | 8,106,000 | 16,293,000 | 24,984,000 | 33,522,000 |
| Interest expense | 4,485,000 | 9,425,000 | 14,554,000 | 19,282,000 |
| Net interest income | 3,621,000 | 6,868,000 | 10,430,000 | 14,240,000 |
| Noninterest income | 842,000 | 1,877,000 | 2,773,000 | 3,635,000 |
| Noninterest expense | 4,679,000 | 9,126,000 | 13,796,000 | 18,455,000 |
| Provision for loan losses | -233,000 | 1,152,000 | 1,752,000 | 996,000 |
| Pretax income | -40,000 | -1,737,000 | -2,239,000 | -1,532,000 |
| Income tax | -150,000 | -151,000 | -149,000 | -150,000 |
| Net income | 110,000 | -1,586,000 | -2,090,000 | -1,382,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 59,289,000 | 59,492,000 | 58,989,000 | 59,696,000 |
| Total capital | 64,731,000 | 66,469,000 | 64,522,000 | 64,538,000 |
| Risk-weighted assets | 567,910,000 | 563,199,000 | 557,513,000 | 536,929,000 |