Call reports 2024
PORTAGE BANK — 2024
What PORTAGE 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 | 68,036,000 | 67,813,000 | 75,409,000 | 87,810,000 |
| Total loans | 53,003,000 | 58,524,000 | 60,073,000 | 58,308,000 |
| Allowance for loan losses | 647,000 | 700,000 | 981,000 | 583,000 |
| Securities available for sale | 4,111,000 | 4,068,000 | 4,125,000 | 5,030,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 54,699,000 | 54,123,000 | 60,996,000 | 70,741,000 |
| Interest-bearing deposits | 50,420,000 | 50,511,000 | 50,989,000 | 53,080,000 |
| Noninterest-bearing deposits | 4,279,000 | 3,612,000 | 10,007,000 | 17,661,000 |
| Equity capital | 6,902,000 | 7,050,000 | 7,799,000 | 7,764,000 |
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 | 1,186,000 | 2,512,000 | 4,023,000 | 5,614,000 |
| Interest expense | 455,000 | 934,000 | 1,483,000 | 2,026,000 |
| Net interest income | 731,000 | 1,578,000 | 2,540,000 | 3,588,000 |
| Noninterest income | 130,000 | 315,000 | 629,000 | 663,000 |
| Noninterest expense | 662,000 | 1,290,000 | 1,945,000 | 2,941,000 |
| Provision for loan losses | 16,000 | 76,000 | 361,000 | 371,000 |
| Pretax income | 183,000 | 527,000 | 863,000 | 923,000 |
| Income tax | 38,000 | 107,000 | 198,000 | 192,000 |
| Net income | 145,000 | 420,000 | 665,000 | 731,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 7,252,000 | 7,405,000 | 8,076,000 | 8,092,000 |
| Total capital | 7,804,000 | 7,991,000 | 8,696,000 | 8,691,000 |
| Risk-weighted assets | 44,113,000 | 46,802,000 | 49,241,000 | 50,184,000 |
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