Call reports 2024
SOUTH GEORGIA BANK — 2024
What SOUTH GEORGIA 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 | 220,749,000 | 217,952,000 | 221,142,000 | 228,822,000 |
| Total loans | 120,431,000 | 117,697,000 | 121,423,000 | 119,388,000 |
| Allowance for loan losses | 2,804,000 | 2,852,000 | 2,895,000 | 2,873,000 |
| Securities available for sale | 54,906,000 | 54,648,000 | 56,020,000 | 53,698,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 197,798,000 | 194,207,000 | 195,253,000 | 204,697,000 |
| Interest-bearing deposits | 135,990,000 | 135,088,000 | 135,734,000 | 141,959,000 |
| Noninterest-bearing deposits | 61,808,000 | 59,119,000 | 59,519,000 | 62,738,000 |
| Equity capital | 18,260,000 | 18,798,000 | 20,931,000 | 19,361,000 |
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 | 3,042,000 | 6,100,000 | 9,208,000 | 12,331,000 |
| Interest expense | 764,000 | 1,588,000 | 2,436,000 | 3,281,000 |
| Net interest income | 2,278,000 | 4,512,000 | 6,772,000 | 9,050,000 |
| Noninterest income | 384,000 | 788,000 | 1,192,000 | 1,611,000 |
| Noninterest expense | 1,480,000 | 2,864,000 | 4,310,000 | 5,751,000 |
| Provision for loan losses | 30,000 | 90,000 | 140,000 | 250,000 |
| Pretax income | 1,152,000 | 2,346,000 | 3,514,000 | 4,660,000 |
| Income tax | 68,000 | 157,000 | 225,000 | 263,000 |
| Net income | 1,084,000 | 2,189,000 | 3,289,000 | 4,397,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 25,235,000 | 25,538,000 | 25,839,000 | 26,147,000 |
| Total capital | 26,862,000 | 27,152,000 | 27,470,000 | 27,757,000 |
| Risk-weighted assets | 128,921,000 | 127,779,000 | 129,109,000 | 127,406,000 |