Call reports 2024
NOVA BANK — 2024
What NOVA 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 | 27,290,000 | 30,912,000 | 35,523,000 | 46,951,000 |
| Total loans | 4,022,000 | 9,853,000 | 22,226,000 | 37,739,000 |
| Allowance for loan losses | 100,000 | 135,000 | 300,000 | 515,000 |
| Securities available for sale | 9,497,000 | 9,378,000 | 9,422,000 | 4,391,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,650,000 | 5,476,000 | 10,037,000 | 21,798,000 |
| Interest-bearing deposits | 1,168,000 | 4,202,000 | 8,307,000 | 19,264,000 |
| Noninterest-bearing deposits | 482,000 | 1,274,000 | 1,730,000 | 2,534,000 |
| Equity capital | 25,637,000 | 25,428,000 | 25,297,000 | 24,647,000 |
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 | 224,000 | 638,000 | 1,168,000 | 1,934,000 |
| Interest expense | 4,000 | 33,000 | 106,000 | 236,000 |
| Net interest income | 220,000 | 605,000 | 1,062,000 | 1,698,000 |
| Noninterest income | 0 | 11,000 | 42,000 | 70,000 |
| Noninterest expense | 340,000 | 994,000 | 1,726,000 | 2,619,000 |
| Provision for loan losses | 100,000 | 135,000 | 300,000 | 515,000 |
| Pretax income | -220,000 | -513,000 | -922,000 | -1,292,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | -220,000 | -513,000 | -922,000 | -1,292,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 25,820,000 | 25,528,000 | 25,119,000 | 24,749,000 |