Call reports 2024
CUMBERLAND SECURITY BANK, INC. — 2024
What CUMBERLAND SECURITY BANK, INC. 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 | 341,104,000 | 353,371,000 | 365,388,000 | 368,257,000 |
| Total loans | 282,021,000 | 285,662,000 | 292,519,000 | 303,745,000 |
| Allowance for loan losses | 7,592,000 | 7,699,000 | 7,797,000 | 8,400,000 |
| Securities available for sale | 35,274,000 | 36,534,000 | 35,533,000 | 37,239,000 |
| Securities held to maturity | 1,994,000 | 1,995,000 | 1,996,000 | 1,997,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 295,513,000 | 306,738,000 | 315,978,000 | 319,557,000 |
| Interest-bearing deposits | 167,146,000 | 176,738,000 | 182,410,000 | 191,729,000 |
| Noninterest-bearing deposits | 128,367,000 | 130,000,000 | 133,568,000 | 127,828,000 |
| Equity capital | 44,745,000 | 45,565,000 | 48,275,000 | 47,805,000 |
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 | 4,976,000 | 10,291,000 | 15,916,000 | 21,792,000 |
| Interest expense | 756,000 | 1,627,000 | 2,522,000 | 3,439,000 |
| Net interest income | 4,220,000 | 8,664,000 | 13,394,000 | 18,353,000 |
| Noninterest income | 664,000 | 1,350,000 | 2,074,000 | 2,776,000 |
| Noninterest expense | 1,914,000 | 3,878,000 | 5,890,000 | 7,862,000 |
| Provision for loan losses | 105,000 | 210,000 | 315,000 | 920,000 |
| Pretax income | 2,862,000 | 5,936,000 | 9,266,000 | 12,352,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 2,862,000 | 5,936,000 | 9,266,000 | 12,352,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 45,874,000 | 46,593,000 | 48,572,000 | 48,458,000 |
| Total capital | 49,390,000 | 50,182,000 | 52,170,000 | 52,201,000 |
| Risk-weighted assets | 276,927,000 | 282,739,000 | 283,328,000 | 294,455,000 |