Call reports 2024
SOUTHEASTERN BANK — 2024
What SOUTHEASTERN 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 | 603,995,000 | 595,120,000 | 592,489,000 | 601,958,000 |
| Total loans | 359,791,000 | 378,825,000 | 385,454,000 | 386,064,000 |
| Allowance for loan losses | 7,743,000 | 7,954,000 | 8,159,000 | 8,165,000 |
| Securities available for sale | 127,838,000 | 121,708,000 | 104,735,000 | 86,237,000 |
| Securities held to maturity | 41,843,000 | 41,695,000 | 41,255,000 | 41,101,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 539,269,000 | 510,561,000 | 516,569,000 | 531,355,000 |
| Interest-bearing deposits | 378,630,000 | 358,104,000 | 364,632,000 | 383,419,000 |
| Noninterest-bearing deposits | 160,639,000 | 152,457,000 | 151,937,000 | 147,936,000 |
| Equity capital | 61,258,000 | 62,856,000 | 67,150,000 | 65,950,000 |
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 | 7,336,000 | 14,778,000 | 22,502,000 | 30,334,000 |
| Interest expense | 599,000 | 1,458,000 | 2,576,000 | 3,701,000 |
| Net interest income | 6,737,000 | 13,320,000 | 19,926,000 | 26,633,000 |
| Noninterest income | 927,000 | 1,787,000 | 2,583,000 | 3,454,000 |
| Noninterest expense | 3,986,000 | 8,047,000 | 12,034,000 | 16,142,000 |
| Provision for loan losses | 210,000 | 435,000 | 510,000 | 510,000 |
| Pretax income | 3,573,000 | 6,718,000 | 10,103,000 | 13,448,000 |
| Income tax | 775,000 | 1,409,000 | 2,095,000 | 2,868,000 |
| Net income | 2,798,000 | 5,309,000 | 8,008,000 | 10,580,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 72,560,000 | 73,761,000 | 75,151,000 | 76,445,000 |