Call reports 2024
SOUTHERN HERITAGE BANK — 2024
What SOUTHERN HERITAGE 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 | 381,360,000 | 386,627,000 | 375,114,000 | 385,258,000 |
| Total loans | 257,189,000 | 265,811,000 | 277,805,000 | 275,524,000 |
| Allowance for loan losses | 1,859,000 | 1,835,000 | 2,109,000 | 2,033,000 |
| Securities available for sale | 91,600,000 | 83,861,000 | 71,989,000 | 72,035,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 338,034,000 | 342,357,000 | 332,426,000 | 345,075,000 |
| Interest-bearing deposits | 231,043,000 | 234,188,000 | 231,252,000 | 242,438,000 |
| Noninterest-bearing deposits | 106,991,000 | 108,169,000 | 101,174,000 | 102,637,000 |
| Equity capital | 30,891,000 | 31,099,000 | 33,757,000 | 32,155,000 |
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 | 4,928,000 | 10,084,000 | 15,381,000 | 20,645,000 |
| Interest expense | 1,438,000 | 3,047,000 | 4,695,000 | 6,312,000 |
| Net interest income | 3,490,000 | 7,037,000 | 10,686,000 | 14,333,000 |
| Noninterest income | 548,000 | 1,144,000 | 1,931,000 | 2,827,000 |
| Noninterest expense | 2,844,000 | 5,814,000 | 8,928,000 | 12,072,000 |
| Provision for loan losses | 0 | 0 | 285,000 | 285,000 |
| Pretax income | 1,194,000 | 2,367,000 | 3,404,000 | 4,808,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 1,194,000 | 2,367,000 | 3,404,000 | 4,808,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 39,201,000 | 39,250,000 | 39,726,000 | 39,725,000 |