Call reports 2024
RARITAN STATE BANK — 2024
What RARITAN STATE 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 | 255,539,000 | 251,514,000 | 251,868,000 | 246,904,000 |
| Total loans | 161,643,000 | 164,045,000 | 169,044,000 | 168,873,000 |
| Allowance for loan losses | 1,670,000 | 1,597,000 | 1,611,000 | 1,659,000 |
| Securities available for sale | 60,175,000 | 62,806,000 | 63,381,000 | 59,809,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 231,698,000 | 227,398,000 | 222,705,000 | 221,822,000 |
| Interest-bearing deposits | 198,887,000 | 196,711,000 | 193,094,000 | 189,112,000 |
| Noninterest-bearing deposits | 32,811,000 | 30,687,000 | 29,611,000 | 32,710,000 |
| Equity capital | 23,287,000 | 23,695,000 | 25,086,000 | 24,655,000 |
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 | 2,882,000 | 5,770,000 | 8,836,000 | 12,075,000 |
| Interest expense | 1,337,000 | 2,742,000 | 4,197,000 | 5,630,000 |
| Net interest income | 1,545,000 | 3,028,000 | 4,639,000 | 6,445,000 |
| Noninterest income | 121,000 | 248,000 | 391,000 | 528,000 |
| Noninterest expense | 1,133,000 | 2,191,000 | 3,413,000 | 4,638,000 |
| Provision for loan losses | 20,000 | 70,000 | 110,000 | 215,000 |
| Pretax income | 513,000 | 1,015,000 | 1,507,000 | 2,120,000 |
| Income tax | 151,000 | 249,000 | 364,000 | 517,000 |
| Net income | 362,000 | 766,000 | 1,143,000 | 1,603,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 26,306,000 | 26,571,000 | 26,894,000 | 26,961,000 |