Call reports 2024
BAY STATE SAVINGS BANK — 2024
What BAY STATE SAVINGS 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 | 536,797,000 | 550,070,000 | 560,345,000 | 555,082,000 |
| Total loans | 436,768,000 | 434,672,000 | 434,516,000 | 427,802,000 |
| Allowance for loan losses | 3,975,000 | 3,938,000 | 4,068,000 | 4,318,000 |
| Securities available for sale | 35,837,000 | 35,260,000 | 34,068,000 | 42,682,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 481,339,000 | 491,452,000 | 488,080,000 | 496,330,000 |
| Interest-bearing deposits | 388,745,000 | 398,892,000 | 375,817,000 | 382,214,000 |
| Noninterest-bearing deposits | 92,594,000 | 92,560,000 | 112,263,000 | 114,116,000 |
| Equity capital | 44,623,000 | 47,836,000 | 49,140,000 | 48,423,000 |
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 | 6,064,000 | 12,355,000 | 18,979,000 | 25,481,000 |
| Interest expense | 2,669,000 | 5,511,000 | 8,611,000 | 11,469,000 |
| Net interest income | 3,395,000 | 6,844,000 | 10,368,000 | 14,012,000 |
| Noninterest income | 327,000 | 3,761,000 | 4,094,000 | 4,557,000 |
| Noninterest expense | 3,480,000 | 6,954,000 | 10,388,000 | 14,509,000 |
| Provision for loan losses | 37,000 | 51,000 | 210,000 | 462,000 |
| Pretax income | 242,000 | 3,651,000 | 4,074,000 | 3,835,000 |
| Income tax | 8,000 | 60,000 | 123,000 | -7,000 |
| Net income | 234,000 | 3,591,000 | 3,951,000 | 3,842,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 44,324,000 | 46,615,000 | 47,242,000 | 46,960,000 |
| Total capital | 48,718,000 | 50,957,000 | 51,555,000 | 51,496,000 |
| Risk-weighted assets | 380,983,000 | 376,711,000 | 375,983,000 | 386,574,000 |