Call reports 2024
FIRST SERVICE BANK — 2024
What FIRST SERVICE 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 | 689,656,000 | 716,762,000 | 765,594,000 | 743,015,000 |
| Total loans | 589,242,000 | 613,383,000 | 634,553,000 | 633,803,000 |
| Allowance for loan losses | 7,552,000 | 7,692,000 | 7,912,000 | 8,672,000 |
| Securities available for sale | 35,563,000 | 37,981,000 | 41,906,000 | 40,528,000 |
| Securities held to maturity | 1,990,000 | 1,989,000 | 1,987,000 | 1,840,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 606,194,000 | 617,288,000 | 677,751,000 | 670,512,000 |
| Interest-bearing deposits | 530,026,000 | 541,280,000 | 598,242,000 | 588,102,000 |
| Noninterest-bearing deposits | 76,168,000 | 76,008,000 | 79,509,000 | 82,410,000 |
| Equity capital | 56,620,000 | 63,780,000 | 65,521,000 | 66,661,000 |
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 | 10,916,000 | 22,960,000 | 35,963,000 | 49,344,000 |
| Interest expense | 5,163,000 | 10,685,000 | 16,780,000 | 22,894,000 |
| Net interest income | 5,753,000 | 12,275,000 | 19,183,000 | 26,450,000 |
| Noninterest income | 1,140,000 | 2,151,000 | 3,382,000 | 5,543,000 |
| Noninterest expense | 5,426,000 | 11,485,000 | 17,264,000 | 23,816,000 |
| Provision for loan losses | 45,000 | 213,000 | 398,000 | 1,164,000 |
| Pretax income | 1,342,000 | 2,609,000 | 4,639,000 | 6,581,000 |
| Income tax | 327,000 | 619,000 | 1,127,000 | 1,112,000 |
| Net income | 1,015,000 | 1,990,000 | 3,512,000 | 5,469,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 60,087,000 | 67,561,000 | 68,609,000 | 70,275,000 |