Call reports 2020
PALMETTO STATE BANK — 2020
What PALMETTO STATE BANK reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 532,696,000 | 616,807,000 | 632,416,000 | 620,899,000 |
| Total loans | 173,118,000 | 215,422,000 | 228,705,000 | 226,702,000 |
| Allowance for loan losses | 3,964,000 | 3,191,000 | 3,146,000 | 3,296,000 |
| Securities available for sale | 103,463,000 | 50,518,000 | 34,229,000 | 34,087,000 |
| Securities held to maturity | 197,534,000 | 259,282,000 | 281,453,000 | 314,040,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 442,853,000 | 520,198,000 | 533,195,000 | 525,065,000 |
| Interest-bearing deposits | 330,512,000 | 376,331,000 | 391,457,000 | 384,174,000 |
| Noninterest-bearing deposits | 112,341,000 | 143,867,000 | 141,738,000 | 140,891,000 |
| Equity capital | 74,890,000 | 75,989,000 | 77,595,000 | 77,664,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 4,607,000 | 8,695,000 | 13,005,000 | 17,733,000 |
| Interest expense | 302,000 | 551,000 | 795,000 | 1,006,000 |
| Net interest income | 4,305,000 | 8,144,000 | 12,210,000 | 16,727,000 |
| Noninterest income | 996,000 | 1,927,000 | 2,838,000 | 4,018,000 |
| Noninterest expense | 3,066,000 | 6,125,000 | 8,846,000 | 11,247,000 |
| Provision for loan losses | 300,000 | 588,000 | 876,000 | 1,164,000 |
| Pretax income | 1,935,000 | 4,130,000 | 6,098,000 | 9,107,000 |
| Income tax | 376,000 | 863,000 | 1,070,000 | 1,520,000 |
| Net income | 1,559,000 | 3,267,000 | 5,028,000 | 7,587,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 73,161,000 | 75,154,000 | 76,915,000 | 76,973,000 |
| Total capital | 76,311,000 | 78,345,000 | 80,061,000 | 80,269,000 |
| Risk-weighted assets | 251,223,000 | 295,837,000 | 310,913,000 | 326,174,000 |