Call reports 2024
ARMOR BANK — 2024
What ARMOR 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 | 437,136,000 | 450,573,000 | 493,298,000 | 466,619,000 |
| Total loans | 329,324,000 | 347,761,000 | 363,743,000 | 366,367,000 |
| Allowance for loan losses | 3,581,000 | 3,675,000 | 3,872,000 | 4,051,000 |
| Securities available for sale | 50,549,000 | 49,101,000 | 51,736,000 | 49,884,000 |
| Securities held to maturity | 2,000 | 1,000 | 1,000 | 1,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 403,912,000 | 393,646,000 | 419,348,000 | 416,824,000 |
| Interest-bearing deposits | 338,925,000 | 331,319,000 | 358,307,000 | 354,525,000 |
| Noninterest-bearing deposits | 64,987,000 | 62,327,000 | 61,041,000 | 62,299,000 |
| Equity capital | 31,638,000 | 35,390,000 | 37,186,000 | 36,428,000 |
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 | 5,131,000 | 10,799,000 | 16,998,000 | 23,234,000 |
| Interest expense | 2,398,000 | 4,972,000 | 7,946,000 | 10,661,000 |
| Net interest income | 2,733,000 | 5,827,000 | 9,052,000 | 12,573,000 |
| Noninterest income | 313,000 | 654,000 | 1,077,000 | 1,513,000 |
| Noninterest expense | 3,006,000 | 6,128,000 | 9,274,000 | 12,339,000 |
| Provision for loan losses | 0 | 95,000 | 295,000 | 475,000 |
| Pretax income | 20,000 | 218,000 | 520,000 | 1,232,000 |
| Income tax | 0 | 0 | 55,000 | 232,000 |
| Net income | 20,000 | 218,000 | 465,000 | 1,000,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 34,443,000 | 38,190,000 | 38,912,000 | 41,054,000 |
| Total capital | 38,048,000 | 41,910,000 | 42,829,000 | 45,150,000 |
| Risk-weighted assets | 327,156,000 | 362,030,000 | 370,594,000 | 393,059,000 |