Call reports 2024
VANTAGE BANK — 2024
What VANTAGE 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 | 64,759,000 | 66,143,000 | 69,907,000 | 71,027,000 |
| Total loans | 57,507,000 | 62,302,000 | 65,699,000 | 67,017,000 |
| Allowance for loan losses | 568,000 | 597,000 | 627,000 | 686,000 |
| Securities available for sale | 3,006,000 | 0 | 0 | 0 |
| Securities held to maturity | 0 | 57,000 | 57,000 | 57,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 58,353,000 | 53,166,000 | 57,626,000 | 60,619,000 |
| Interest-bearing deposits | 44,800,000 | 41,159,000 | 43,541,000 | 47,147,000 |
| Noninterest-bearing deposits | 13,553,000 | 12,007,000 | 14,085,000 | 13,472,000 |
| Equity capital | 5,877,000 | 5,796,000 | 6,065,000 | 6,269,000 |
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 | 851,000 | 1,755,000 | 2,745,000 | 3,791,000 |
| Interest expense | 207,000 | 445,000 | 758,000 | 1,066,000 |
| Net interest income | 644,000 | 1,310,000 | 1,987,000 | 2,725,000 |
| Noninterest income | 56,000 | 141,000 | 233,000 | 309,000 |
| Noninterest expense | 404,000 | 853,000 | 1,321,000 | 1,873,000 |
| Provision for loan losses | 7,000 | 35,000 | 66,000 | 125,000 |
| Pretax income | 289,000 | 563,000 | 833,000 | 1,036,000 |
| Income tax | 42,000 | 42,000 | 42,000 | 42,000 |
| Net income | 247,000 | 521,000 | 791,000 | 994,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 5,566,000 | 5,491,000 | 5,761,000 | 5,964,000 |
| Total capital | 6,134,000 | 6,088,000 | 6,388,000 | 6,650,000 |
| Risk-weighted assets | 48,528,000 | 53,023,000 | 55,699,000 | 57,022,000 |