Call reports 2024
GLOBAL INNOVATIONS BANK — 2024
What GLOBAL INNOVATIONS 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 | 63,070,000 | 73,311,000 | 73,861,000 | 87,513,000 |
| Total loans | 30,425,000 | 33,782,000 | 36,484,000 | 37,633,000 |
| Allowance for loan losses | 352,000 | 368,000 | 390,000 | 410,000 |
| Securities available for sale | 471,000 | 461,000 | 456,000 | 444,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 54,840,000 | 64,740,000 | 64,960,000 | 75,691,000 |
| Interest-bearing deposits | 39,151,000 | 46,819,000 | 44,917,000 | 58,172,000 |
| Noninterest-bearing deposits | 15,689,000 | 17,921,000 | 20,043,000 | 17,519,000 |
| Equity capital | 8,007,000 | 8,223,000 | 8,477,000 | 8,180,000 |
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 | 551,000 | 1,272,000 | 2,065,000 | 2,804,000 |
| Interest expense | 116,000 | 349,000 | 620,000 | 935,000 |
| Net interest income | 435,000 | 923,000 | 1,445,000 | 1,869,000 |
| Noninterest income | 731,000 | 1,613,000 | 2,537,000 | 3,614,000 |
| Noninterest expense | 908,000 | 1,965,000 | 3,075,000 | 4,553,000 |
| Provision for loan losses | 13,000 | 28,000 | 49,000 | 67,000 |
| Pretax income | 248,000 | 537,000 | 856,000 | 864,000 |
| Income tax | 53,000 | 128,000 | 201,000 | 206,000 |
| Net income | 195,000 | 409,000 | 655,000 | 658,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 8,025,000 | 8,239,000 | 8,485,000 | 8,188,000 |
| Total capital | 8,377,000 | 8,607,000 | 8,875,000 | 8,598,000 |
| Risk-weighted assets | 32,671,000 | 36,546,000 | 39,838,000 | 42,095,000 |