Call reports 2024
LADYSMITH FEDERAL SAVINGS & LOAN ASSOCIATION — 2024
What LADYSMITH FEDERAL SAVINGS & LOAN 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 | 85,107,000 | 89,846,000 | 88,810,000 | 89,366,000 |
| Total loans | 62,492,000 | 65,856,000 | 68,181,000 | 68,042,000 |
| Allowance for loan losses | 505,000 | 498,000 | 544,000 | 547,000 |
| Securities available for sale | 14,479,000 | 14,660,000 | 14,949,000 | 14,452,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 64,666,000 | 66,329,000 | 65,064,000 | 66,088,000 |
| Interest-bearing deposits | 54,458,000 | 54,905,000 | 55,132,000 | 56,201,000 |
| Noninterest-bearing deposits | 10,208,000 | 11,424,000 | 9,932,000 | 9,887,000 |
| Equity capital | 5,844,000 | 6,095,000 | 6,567,000 | 6,302,000 |
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 | 905,000 | 1,873,000 | 2,898,000 | 3,944,000 |
| Interest expense | 269,000 | 631,000 | 1,002,000 | 1,505,000 |
| Net interest income | 636,000 | 1,242,000 | 1,896,000 | 2,439,000 |
| Noninterest income | 61,000 | 165,000 | 260,000 | 383,000 |
| Noninterest expense | 564,000 | 1,137,000 | 1,703,000 | 2,307,000 |
| Provision for loan losses | 14,000 | 44,000 | 84,000 | 84,000 |
| Pretax income | 119,000 | 226,000 | 369,000 | 431,000 |
| Income tax | 14,000 | 29,000 | 34,000 | 45,000 |
| Net income | 105,000 | 197,000 | 335,000 | 386,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 7,569,000 | 7,660,000 | 7,798,000 | 7,850,000 |
| Total capital | 8,074,000 | 8,158,000 | 8,342,000 | 8,397,000 |
| Risk-weighted assets | 47,983,000 | 50,492,000 | 51,510,000 | 51,773,000 |