Call reports 2024
TOWER COMMUNITY BANK — 2024
What TOWER COMMUNITY 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 | 407,245,000 | 404,472,000 | 400,553,000 | 387,505,000 |
| Total loans | 323,598,000 | 320,393,000 | 301,311,000 | 298,841,000 |
| Allowance for loan losses | 3,038,000 | 3,058,000 | 3,193,000 | 3,258,000 |
| Securities available for sale | 29,457,000 | 33,500,000 | 33,463,000 | 34,643,000 |
| Securities held to maturity | 13,000 | 8,000 | 5,000 | 3,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 346,225,000 | 347,111,000 | 345,555,000 | 339,139,000 |
| Interest-bearing deposits | 287,846,000 | 284,048,000 | 286,626,000 | 282,893,000 |
| Noninterest-bearing deposits | 58,379,000 | 63,063,000 | 58,929,000 | 56,246,000 |
| Equity capital | 35,018,000 | 35,860,000 | 37,559,000 | 37,451,000 |
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 | 6,157,000 | 12,603,000 | 18,895,000 | 24,882,000 |
| Interest expense | 2,189,000 | 4,518,000 | 6,889,000 | 9,107,000 |
| Net interest income | 3,968,000 | 8,085,000 | 12,006,000 | 15,775,000 |
| Noninterest income | 1,241,000 | 2,301,000 | 3,527,000 | 4,811,000 |
| Noninterest expense | 3,449,000 | 6,756,000 | 10,220,000 | 13,884,000 |
| Provision for loan losses | 450,000 | 700,000 | 850,000 | 1,000,000 |
| Pretax income | 1,310,000 | 2,930,000 | 4,463,000 | 5,702,000 |
| Income tax | 412,000 | 907,000 | 1,382,000 | 1,480,000 |
| Net income | 892,000 | 2,005,000 | 3,046,000 | 4,167,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 34,506,000 | 35,287,000 | 35,991,000 | 36,439,000 |
| Total capital | 37,545,000 | 38,346,000 | 39,184,000 | — |
| Risk-weighted assets | 303,911,000 | 309,635,000 | 280,205,000 | — |