Call reports 2024
WEST GATE BANK — 2024
What WEST GATE 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 | 1,263,525,000 | 1,287,813,000 | 1,305,518,000 | 1,302,261,000 |
| Total loans | 900,156,000 | 921,615,000 | 940,813,000 | 927,414,000 |
| Allowance for loan losses | 9,940,000 | 9,921,000 | 9,937,000 | 9,916,000 |
| Securities available for sale | 228,011,000 | 225,207,000 | 227,796,000 | 213,773,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,099,933,000 | 1,113,273,000 | 1,073,546,000 | 953,611,000 |
| Interest-bearing deposits | 872,691,000 | 869,315,000 | 831,787,000 | 695,709,000 |
| Noninterest-bearing deposits | 227,242,000 | 243,958,000 | 241,759,000 | 257,902,000 |
| Equity capital | 133,667,000 | 138,331,000 | 138,409,000 | 133,804,000 |
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 | 17,739,000 | 36,232,000 | 56,440,000 | 73,785,000 |
| Interest expense | 8,527,000 | 17,379,000 | 26,983,000 | 35,360,000 |
| Net interest income | 9,212,000 | 18,853,000 | 29,457,000 | 38,425,000 |
| Noninterest income | 2,896,000 | 4,638,000 | 10,743,000 | 8,487,000 |
| Noninterest expense | 8,951,000 | 14,875,000 | 31,774,000 | 37,240,000 |
| Provision for loan losses | 50,000 | 50,000 | 100,000 | 100,000 |
| Pretax income | 3,107,000 | 8,566,000 | 8,326,000 | 9,572,000 |
| Income tax | 391,000 | 1,268,000 | 1,271,000 | 1,099,000 |
| Net income | 2,716,000 | 7,298,000 | 7,055,000 | 8,473,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 148,086,000 | 150,810,000 | 153,369,000 | 148,225,000 |