Call reports 2024
SOUTH GEORGIA BANKING COMPANY — 2024
What SOUTH GEORGIA BANKING COMPANY 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 | 577,361,000 | 557,150,000 | 544,720,000 | 574,333,000 |
| Total loans | 329,975,000 | 336,385,000 | 338,319,000 | 328,953,000 |
| Allowance for loan losses | 4,750,000 | 4,811,000 | 4,836,000 | 4,791,000 |
| Securities available for sale | 110,570,000 | 110,551,000 | 112,645,000 | 107,382,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 508,338,000 | 485,197,000 | 468,656,000 | 504,740,000 |
| Interest-bearing deposits | 330,605,000 | 309,969,000 | 307,482,000 | 315,987,000 |
| Noninterest-bearing deposits | 177,733,000 | 175,228,000 | 161,174,000 | 188,753,000 |
| Equity capital | 66,357,000 | 69,092,000 | 72,846,000 | 67,340,000 |
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 | 7,101,000 | 14,188,000 | 21,221,000 | 28,310,000 |
| Interest expense | 676,000 | 1,422,000 | 2,165,000 | 2,904,000 |
| Net interest income | 6,425,000 | 12,766,000 | 19,056,000 | 25,406,000 |
| Noninterest income | 1,078,000 | 2,877,000 | 3,960,000 | 5,113,000 |
| Noninterest expense | 4,602,000 | 9,413,000 | 14,292,000 | 19,439,000 |
| Provision for loan losses | 0 | 75,000 | 150,000 | 150,000 |
| Pretax income | 2,901,000 | 6,155,000 | 8,574,000 | 10,930,000 |
| Income tax | 607,000 | 1,311,000 | 1,817,000 | 2,352,000 |
| Net income | 2,294,000 | 4,844,000 | 6,757,000 | 8,578,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 69,192,000 | 71,743,000 | 72,655,000 | 69,967,000 |
| Total capital | 74,101,000 | 76,748,000 | 77,652,000 | 74,973,000 |
| Risk-weighted assets | 392,658,000 | 400,410,000 | 399,714,000 | 400,989,000 |