Call reports 2024
SIMPLYBANK. — 2024
What SIMPLYBANK. reported to the FFIEC in 2024, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2024Q1 | 2024Q2 |
|---|---|---|
| Total assets | 709,912,000 | 683,028,000 |
| Total loans | 510,484,000 | 481,464,000 |
| Allowance for loan losses | 6,702,000 | 6,715,000 |
| Securities available for sale | 80,608,000 | 77,524,000 |
| Securities held to maturity | 0 | 0 |
| Trading assets | 0 | 0 |
| Total deposits | 637,408,000 | 619,291,000 |
| Interest-bearing deposits | 502,059,000 | 485,833,000 |
| Noninterest-bearing deposits | 135,349,000 | 133,458,000 |
| Equity capital | 62,462,000 | 48,471,000 |
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 |
|---|---|---|
| Interest income | 9,250,000 | 18,560,000 |
| Interest expense | 2,518,000 | 5,105,000 |
| Net interest income | 6,732,000 | 13,455,000 |
| Noninterest income | 1,253,000 | 2,546,000 |
| Noninterest expense | 5,918,000 | 26,491,000 |
| Provision for loan losses | 75,000 | 150,000 |
| Pretax income | 1,992,000 | -10,640,000 |
| Income tax | 105,000 | 210,000 |
| Net income | 1,887,000 | -10,850,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 |
|---|---|---|
| Tier 1 capital | 72,670,000 | 59,180,000 |