Call reports 2024
WESTMORELAND FEDERAL SAVINGS AND LOAN ASSOCIATION OF LATROBE — 2024
What WESTMORELAND FEDERAL SAVINGS AND LOAN ASSOCIATION OF LATROBE 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 | 167,841,000 | 166,121,000 | 165,842,000 | 167,941,000 |
| Total loans | 72,211,000 | 72,244,000 | 70,890,000 | 69,182,000 |
| Allowance for loan losses | 417,000 | 417,000 | 417,000 | 417,000 |
| Securities available for sale | 2,618,000 | 2,424,000 | 2,303,000 | 2,099,000 |
| Securities held to maturity | 73,125,000 | 73,719,000 | 75,131,000 | 74,562,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 124,004,000 | 122,154,000 | 121,698,000 | 123,619,000 |
| Interest-bearing deposits | 121,350,000 | 119,726,000 | 119,907,000 | 121,280,000 |
| Noninterest-bearing deposits | 2,654,000 | 2,428,000 | 1,791,000 | 2,339,000 |
| Equity capital | 43,709,000 | 43,811,000 | 43,900,000 | 44,067,000 |
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 | 1,504,000 | 3,072,000 | 4,616,000 | 6,176,000 |
| Interest expense | 638,000 | 1,392,000 | 2,218,000 | 3,058,000 |
| Net interest income | 866,000 | 1,680,000 | 2,398,000 | 3,118,000 |
| Noninterest income | 5,000 | 9,000 | 13,000 | 17,000 |
| Noninterest expense | 670,000 | 1,358,000 | 2,027,000 | 2,694,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 246,000 | 376,000 | 411,000 | 659,000 |
| Income tax | 58,000 | 84,000 | 84,000 | 145,000 |
| Net income | 188,000 | 292,000 | 327,000 | 514,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 43,815,000 | 43,919,000 | 43,953,000 | 44,140,000 |