Call reports 2024
ANDOVER BANK, THE — 2024
What ANDOVER BANK, THE 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 | 554,046,000 | 557,720,000 | 583,080,000 | 565,621,000 |
| Total loans | 266,618,000 | 267,955,000 | 265,625,000 | 265,049,000 |
| Allowance for loan losses | 1,671,000 | 1,647,000 | 1,590,000 | 1,608,000 |
| Securities available for sale | 225,378,000 | 226,792,000 | 264,740,000 | 257,897,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 521,000,000 | 529,743,000 | 547,121,000 | 535,918,000 |
| Interest-bearing deposits | 384,909,000 | 393,972,000 | 405,383,000 | 399,016,000 |
| Noninterest-bearing deposits | 136,091,000 | 135,771,000 | 141,738,000 | 136,902,000 |
| Equity capital | 25,455,000 | 24,339,000 | 32,041,000 | 25,603,000 |
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 | 4,712,000 | 9,626,000 | 14,892,000 | 20,384,000 |
| Interest expense | 1,177,000 | 2,523,000 | 4,027,000 | 5,572,000 |
| Net interest income | 3,535,000 | 7,103,000 | 10,865,000 | 14,812,000 |
| Noninterest income | 913,000 | 1,868,000 | 2,854,000 | 3,795,000 |
| Noninterest expense | 3,568,000 | 7,217,000 | 10,932,000 | 14,858,000 |
| Provision for loan losses | 11,000 | -8,000 | -58,000 | -35,000 |
| Pretax income | 869,000 | 1,762,000 | 2,845,000 | 3,784,000 |
| Income tax | 34,000 | 81,000 | 172,000 | 225,000 |
| Net income | 835,000 | 1,681,000 | 2,673,000 | 3,559,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 53,625,000 | 53,696,000 | 54,688,000 | 54,801,000 |
| Total capital | 55,156,000 | 55,203,000 | 56,138,000 | 56,269,000 |
| Risk-weighted assets | 238,124,000 | 238,954,000 | 234,903,000 | 252,328,000 |