Call reports 2024
SOLVAY BANK — 2024
What SOLVAY 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 | 1,216,288,000 | 1,180,480,000 | 1,277,465,000 | 1,193,411,000 |
| Total loans | 711,043,000 | 718,893,000 | 715,535,000 | 718,578,000 |
| Allowance for loan losses | 8,089,000 | 8,039,000 | 8,047,000 | 8,084,000 |
| Securities available for sale | 363,456,000 | 362,262,000 | 373,535,000 | 362,681,000 |
| Securities held to maturity | 8,503,000 | 7,208,000 | 7,131,000 | 6,382,000 |
| Trading assets | 0 | 501,000 | 0 | 0 |
| Total deposits | 1,043,545,000 | 1,052,445,000 | 1,139,447,000 | 1,058,909,000 |
| Interest-bearing deposits | 773,781,000 | 780,958,000 | 847,925,000 | 779,607,000 |
| Noninterest-bearing deposits | 269,764,000 | 271,487,000 | 291,522,000 | 279,302,000 |
| Equity capital | 75,456,000 | 75,834,000 | 85,005,000 | 79,564,000 |
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 | 11,031,000 | 22,124,000 | 33,743,000 | 45,403,000 |
| Interest expense | 5,546,000 | 11,395,000 | 17,530,000 | 23,515,000 |
| Net interest income | 5,485,000 | 10,729,000 | 16,213,000 | 21,888,000 |
| Noninterest income | 2,153,000 | 3,482,000 | 4,935,000 | 6,348,000 |
| Noninterest expense | 5,656,000 | 11,475,000 | 17,198,000 | 23,515,000 |
| Provision for loan losses | 50,000 | 0 | 0 | 40,000 |
| Pretax income | 1,907,000 | 4,210,000 | 5,046,000 | 5,817,000 |
| Income tax | 359,000 | 886,000 | 1,016,000 | 1,067,000 |
| Net income | 1,548,000 | 3,324,000 | 4,030,000 | 4,750,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 111,508,000 | 112,196,000 | 111,811,000 | 111,210,000 |