Call reports 2024
BANK OF THE LOWCOUNTRY — 2024
What BANK OF THE LOWCOUNTRY 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 | 368,904,000 | 360,877,000 | 381,442,000 | 348,732,000 |
| Total loans | 231,560,000 | 243,745,000 | 257,056,000 | 270,639,000 |
| Allowance for loan losses | 2,669,000 | 2,711,000 | 2,713,000 | 2,648,000 |
| Securities available for sale | 92,642,000 | 91,008,000 | 60,588,000 | 57,771,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 347,158,000 | 338,599,000 | 357,167,000 | 323,992,000 |
| Interest-bearing deposits | 299,696,000 | 287,572,000 | 300,685,000 | 263,598,000 |
| Noninterest-bearing deposits | 47,462,000 | 51,027,000 | 56,482,000 | 60,394,000 |
| Equity capital | 19,190,000 | 19,530,000 | 20,296,000 | 20,186,000 |
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 | 4,614,000 | 9,365,000 | 14,476,000 | 19,462,000 |
| Interest expense | 2,032,000 | 4,010,000 | 6,224,000 | 8,520,000 |
| Net interest income | 2,582,000 | 5,355,000 | 8,252,000 | 10,942,000 |
| Noninterest income | 119,000 | 252,000 | 387,000 | 507,000 |
| Noninterest expense | 2,455,000 | 4,956,000 | 7,462,000 | 9,640,000 |
| Provision for loan losses | -155,000 | -110,000 | -80,000 | -145,000 |
| Pretax income | 246,000 | 571,000 | 1,136,000 | 1,768,000 |
| Income tax | 25,000 | 70,000 | 128,000 | 343,000 |
| Net income | 221,000 | 501,000 | 1,008,000 | 1,425,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 29,525,000 | 29,806,000 | 30,313,000 | 30,729,000 |
| Total capital | 32,419,000 | 32,777,000 | 33,286,000 | 33,702,000 |
| Risk-weighted assets | 247,606,000 | 256,806,000 | 273,225,000 | 278,243,000 |