Call reports 2024
TOWN BANK, NATIONAL ASSOCIATION — 2024
What TOWN BANK, NATIONAL ASSOCIATION 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 | 4,062,520,000 | 4,086,596,000 | 4,133,157,000 | 4,173,569,000 |
| Total loans | 2,799,334,000 | 2,826,344,000 | 2,999,458,000 | 3,042,038,000 |
| Allowance for loan losses | 15,227,000 | 14,191,000 | 16,019,000 | 17,961,000 |
| Securities available for sale | 393,840,000 | 382,922,000 | 392,745,000 | 370,496,000 |
| Securities held to maturity | 407,582,000 | 400,942,000 | 395,355,000 | 389,477,000 |
| Trading assets | 22,069,000 | 21,772,000 | 19,938,000 | 20,266,000 |
| Total deposits | 3,345,074,000 | 3,386,594,000 | 3,410,071,000 | 3,457,244,000 |
| Interest-bearing deposits | 2,703,602,000 | 2,735,327,000 | 2,742,861,000 | 2,742,247,000 |
| Noninterest-bearing deposits | 641,472,000 | 651,267,000 | 667,210,000 | 714,997,000 |
| Equity capital | 363,758,000 | 372,068,000 | 397,430,000 | 395,438,000 |
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 | 49,443,000 | 101,998,000 | 156,614,000 | 210,628,000 |
| Interest expense | 23,271,000 | 49,398,000 | 76,105,000 | 100,467,000 |
| Net interest income | 26,172,000 | 52,600,000 | 80,509,000 | 110,161,000 |
| Noninterest income | 3,749,000 | 7,351,000 | 11,630,000 | 15,114,000 |
| Noninterest expense | 15,409,000 | 31,248,000 | 47,040,000 | 62,148,000 |
| Provision for loan losses | 330,000 | 797,000 | 3,289,000 | 5,815,000 |
| Pretax income | 13,919,000 | 27,589,000 | 41,328,000 | 56,958,000 |
| Income tax | 3,592,000 | 7,402,000 | 10,999,000 | 15,223,000 |
| Net income | 10,327,000 | 20,187,000 | 30,329,000 | 41,735,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 334,261,000 | 344,227,000 | 354,594,000 | 366,265,000 |
| Total capital | 353,082,000 | 362,052,000 | 374,532,000 | 387,911,000 |
| Risk-weighted assets | 3,185,090,000 | 3,177,002,000 | 3,340,651,000 | 3,401,614,000 |