Call reports 2024
GEORGIA FIRST BANK — 2024
What GEORGIA FIRST 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 | 202,801,000 | 204,753,000 | 212,188,000 | 228,651,000 |
| Total loans | 163,487,000 | 170,465,000 | 173,731,000 | 174,710,000 |
| Allowance for loan losses | 2,512,000 | 2,585,000 | 2,729,000 | 2,905,000 |
| Securities available for sale | 5,131,000 | 5,110,000 | 5,229,000 | 4,547,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 183,393,000 | 184,175,000 | 187,640,000 | 206,498,000 |
| Interest-bearing deposits | 151,731,000 | 152,053,000 | 156,782,000 | 168,030,000 |
| Noninterest-bearing deposits | 31,662,000 | 32,122,000 | 30,858,000 | 38,468,000 |
| Equity capital | 17,962,000 | 18,731,000 | 19,733,000 | 20,579,000 |
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 | 3,522,000 | 7,377,000 | 11,298,000 | 15,556,000 |
| Interest expense | 1,127,000 | 2,323,000 | 3,582,000 | 4,874,000 |
| Net interest income | 2,395,000 | 5,054,000 | 7,716,000 | 10,682,000 |
| Noninterest income | 254,000 | 514,000 | 772,000 | 982,000 |
| Noninterest expense | 1,683,000 | 3,309,000 | 5,007,000 | 6,938,000 |
| Provision for loan losses | 120,000 | 290,000 | 485,000 | 750,000 |
| Pretax income | 846,000 | 1,969,000 | 2,996,000 | 3,976,000 |
| Income tax | 45,000 | 121,000 | 197,000 | 272,000 |
| Net income | 801,000 | 1,848,000 | 2,799,000 | 3,704,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 17,976,000 | 18,743,000 | 19,694,000 | 20,599,000 |
| Total capital | 19,862,000 | 20,712,000 | 21,687,000 | 22,688,000 |
| Risk-weighted assets | 150,256,000 | 156,914,000 | 158,694,000 | 166,321,000 |