Call reports 2024
1ST BANK OF SEA ISLE CITY — 2024
What 1ST BANK OF SEA ISLE CITY 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 | 304,711,000 | 306,970,000 | 301,759,000 | 302,669,000 |
| Total loans | 235,811,000 | 237,136,000 | 237,747,000 | 239,115,000 |
| Allowance for loan losses | 1,320,000 | 1,310,000 | 1,353,000 | 1,353,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 35,091,000 | 35,006,000 | 32,918,000 | 31,839,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 213,621,000 | 217,486,000 | 219,399,000 | 222,994,000 |
| Interest-bearing deposits | 157,783,000 | 150,467,000 | 151,954,000 | 161,336,000 |
| Noninterest-bearing deposits | 55,838,000 | 67,019,000 | 67,445,000 | 61,658,000 |
| Equity capital | 29,385,000 | 29,278,000 | 29,285,000 | 29,290,000 |
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 | 3,121,000 | 6,331,000 | 9,690,000 | 13,060,000 |
| Interest expense | 1,013,000 | 2,054,000 | 3,081,000 | 4,119,000 |
| Net interest income | 2,108,000 | 4,277,000 | 6,609,000 | 8,941,000 |
| Noninterest income | 104,000 | 213,000 | 331,000 | 452,000 |
| Noninterest expense | 2,461,000 | 4,926,000 | 7,367,000 | 9,833,000 |
| Provision for loan losses | 29,000 | 19,000 | 62,000 | 62,000 |
| Pretax income | -272,000 | -434,000 | -473,000 | -486,000 |
| Income tax | -96,000 | -147,000 | -195,000 | -213,000 |
| Net income | -176,000 | -287,000 | -278,000 | -273,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 29,426,000 | 29,316,000 | 29,323,000 | 29,328,000 |
| Total capital | 30,821,000 | 30,686,000 | 30,743,000 | 30,748,000 |
| Risk-weighted assets | 183,785,000 | 186,234,000 | 186,337,000 | 188,378,000 |