Call reports 2024
FIRST STATE BANK OF FORSYTH — 2024
What FIRST STATE BANK OF FORSYTH 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 | 149,626,000 | 151,860,000 | 155,224,000 | 165,132,000 |
| Total loans | 75,963,000 | 77,588,000 | 79,830,000 | 73,481,000 |
| Allowance for loan losses | 1,803,000 | 1,834,000 | 1,833,000 | 1,686,000 |
| Securities available for sale | 60,732,000 | 59,410,000 | 59,981,000 | 56,739,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 122,942,000 | 124,850,000 | 133,553,000 | 147,219,000 |
| Interest-bearing deposits | 99,177,000 | 102,981,000 | 108,476,000 | 122,566,000 |
| Noninterest-bearing deposits | 23,765,000 | 21,869,000 | 25,077,000 | 24,653,000 |
| Equity capital | 10,566,000 | 11,005,000 | 12,780,000 | 11,772,000 |
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 | 1,720,000 | 3,473,000 | 5,288,000 | 7,147,000 |
| Interest expense | 577,000 | 1,179,000 | 1,765,000 | 2,321,000 |
| Net interest income | 1,143,000 | 2,294,000 | 3,523,000 | 4,826,000 |
| Noninterest income | 61,000 | 110,000 | 157,000 | 205,000 |
| Noninterest expense | 609,000 | 1,235,000 | 1,850,000 | 2,454,000 |
| Provision for loan losses | 30,000 | 60,000 | 90,000 | 120,000 |
| Pretax income | 565,000 | 1,109,000 | 1,740,000 | 2,457,000 |
| Income tax | 125,000 | 256,000 | 397,000 | 559,000 |
| Net income | 440,000 | 853,000 | 1,343,000 | 1,898,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 16,375,000 | 16,662,000 | 17,012,000 | 17,407,000 |