Call reports 2024
PEOPLES BANK OF EAST TENNESSEE — 2024
What PEOPLES BANK OF EAST TENNESSEE 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 | 383,232,000 | 385,708,000 | 403,669,000 | 411,107,000 |
| Total loans | 225,532,000 | 232,285,000 | 241,592,000 | 251,733,000 |
| Allowance for loan losses | 3,090,000 | 3,120,000 | 3,187,000 | 3,409,000 |
| Securities available for sale | 103,882,000 | 101,792,000 | 105,114,000 | 102,830,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 345,324,000 | 347,265,000 | 361,398,000 | 370,685,000 |
| Interest-bearing deposits | 235,388,000 | 236,745,000 | 249,193,000 | 260,996,000 |
| Noninterest-bearing deposits | 109,936,000 | 110,520,000 | 112,205,000 | 109,689,000 |
| Equity capital | 34,977,000 | 35,785,000 | 39,276,000 | 37,749,000 |
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 | 4,863,000 | 10,319,000 | 16,095,000 | 22,091,000 |
| Interest expense | 833,000 | 1,962,000 | 3,189,000 | 4,549,000 |
| Net interest income | 4,030,000 | 8,357,000 | 12,906,000 | 17,542,000 |
| Noninterest income | 637,000 | 1,259,000 | 1,885,000 | 2,482,000 |
| Noninterest expense | 3,012,000 | 6,186,000 | 9,434,000 | 12,897,000 |
| Provision for loan losses | 0 | 50,000 | 127,000 | 365,000 |
| Pretax income | 1,650,000 | 3,375,000 | 5,215,000 | 6,696,000 |
| Income tax | 305,000 | 612,000 | 946,000 | 1,199,000 |
| Net income | 1,345,000 | 2,763,000 | 4,269,000 | 5,497,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 42,074,000 | 42,847,000 | 44,203,000 | 44,736,000 |