Call reports 2021
PALMETTO STATE BANK — 2021
What PALMETTO STATE BANK reported to the FFIEC in 2021, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Total assets | 651,913,000 | 676,075,000 | 695,265,000 | 709,001,000 |
| Total loans | 225,244,000 | 225,223,000 | 237,323,000 | 231,893,000 |
| Allowance for loan losses | 4,956,000 | 5,223,000 | 5,217,000 | 3,139,000 |
| Securities available for sale | 38,091,000 | 100,858,000 | 104,220,000 | 111,648,000 |
| Securities held to maturity | 321,002,000 | 304,734,000 | 290,551,000 | 287,763,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 553,250,000 | 561,360,000 | 588,441,000 | 602,445,000 |
| Interest-bearing deposits | 402,820,000 | 404,693,000 | 416,971,000 | 414,238,000 |
| Noninterest-bearing deposits | 150,430,000 | 156,667,000 | 171,470,000 | 188,207,000 |
| Equity capital | 80,437,000 | 82,627,000 | 84,788,000 | 76,888,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Interest income | 5,424,000 | 10,514,000 | 15,592,000 | 20,589,000 |
| Interest expense | 167,000 | 324,000 | 484,000 | 645,000 |
| Net interest income | 5,257,000 | 10,190,000 | 15,108,000 | 19,944,000 |
| Noninterest income | 1,335,000 | 2,943,000 | 4,095,000 | 5,150,000 |
| Noninterest expense | 2,727,000 | 5,902,000 | 9,108,000 | 22,302,000 |
| Provision for loan losses | 265,000 | 505,000 | 805,000 | 1,646,000 |
| Pretax income | 3,600,000 | 6,726,000 | 9,290,000 | 1,146,000 |
| Income tax | 516,000 | 1,032,000 | 1,548,000 | -630,000 |
| Net income | 3,084,000 | 5,694,000 | 7,742,000 | 1,776,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Tier 1 capital | 80,056,000 | 82,666,000 | 84,714,000 | 77,785,000 |
| Total capital | 84,280,000 | 86,921,000 | 89,152,000 | 80,924,000 |
| Risk-weighted assets | 337,265,000 | 339,501,000 | 354,325,000 | 360,128,000 |