Call reports 2024
GENESIS BANK — 2024
What GENESIS 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 | 59,753,000 | 64,256,000 | 69,525,000 | 67,342,000 |
| Total loans | 37,006,000 | 42,274,000 | 47,509,000 | 49,614,000 |
| Allowance for loan losses | 643,000 | 567,000 | 614,000 | 633,000 |
| Securities available for sale | 7,758,000 | 7,322,000 | 6,123,000 | 5,770,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 45,577,000 | 49,774,000 | 55,068,000 | 52,704,000 |
| Interest-bearing deposits | 27,509,000 | 33,974,000 | 36,843,000 | 39,981,000 |
| Noninterest-bearing deposits | 18,068,000 | 15,800,000 | 18,225,000 | 12,723,000 |
| Equity capital | 13,024,000 | 13,189,000 | 13,222,000 | 13,440,000 |
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 | 1,032,000 | 2,302,000 | 3,612,000 | 4,928,000 |
| Interest expense | 198,000 | 521,000 | 920,000 | 1,371,000 |
| Net interest income | 834,000 | 1,781,000 | 2,692,000 | 3,557,000 |
| Noninterest income | 82,000 | 178,000 | 272,000 | 601,000 |
| Noninterest expense | 768,000 | 1,597,000 | 2,517,000 | 3,463,000 |
| Provision for loan losses | 40,000 | 110,000 | 157,000 | 182,000 |
| Pretax income | 110,000 | 252,000 | 290,000 | 513,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 110,000 | 252,000 | 290,000 | 513,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 13,024,000 | 13,164,000 | 13,192,000 | 13,410,000 |