Call reports 2024
FLATWATER BANK — 2024
What FLATWATER 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 | 284,944,000 | 294,100,000 | 306,607,000 | 304,119,000 |
| Total loans | 207,243,000 | 216,786,000 | 229,920,000 | 230,563,000 |
| Allowance for loan losses | 2,744,000 | 2,820,000 | 2,908,000 | 2,937,000 |
| Securities available for sale | 59,247,000 | 58,867,000 | 56,853,000 | 53,573,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 254,858,000 | 264,389,000 | 264,005,000 | 263,715,000 |
| Interest-bearing deposits | 223,732,000 | 234,219,000 | 233,690,000 | 233,475,000 |
| Noninterest-bearing deposits | 31,126,000 | 30,170,000 | 30,315,000 | 30,240,000 |
| Equity capital | 22,108,000 | 23,684,000 | 26,309,000 | 24,027,000 |
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 | 4,155,000 | 8,500,000 | 13,060,000 | 17,670,000 |
| Interest expense | 2,108,000 | 4,175,000 | 6,291,000 | 8,403,000 |
| Net interest income | 2,047,000 | 4,325,000 | 6,769,000 | 9,267,000 |
| Noninterest income | 588,000 | 2,161,000 | 2,624,000 | 2,778,000 |
| Noninterest expense | 1,803,000 | 3,487,000 | 5,241,000 | 7,568,000 |
| Provision for loan losses | 78,000 | 157,000 | 235,000 | 313,000 |
| Pretax income | 754,000 | 2,842,000 | 3,917,000 | 4,164,000 |
| Income tax | 21,000 | 43,000 | 64,000 | 85,000 |
| Net income | 733,000 | 2,799,000 | 3,853,000 | 4,079,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 27,106,000 | 28,680,000 | 29,240,000 | 28,970,000 |