Call reports 2022
PALMETTO STATE BANK — 2022
What PALMETTO STATE BANK reported to the FFIEC in 2022, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Total assets | 705,790,000 | 692,718,000 | 675,087,000 | 656,186,000 |
| Total loans | 226,756,000 | 228,020,000 | 223,687,000 | 225,350,000 |
| Allowance for loan losses | 3,450,000 | 3,794,000 | 4,127,000 | 4,210,000 |
| Securities available for sale | 110,504,000 | 109,806,000 | 100,699,000 | 98,198,000 |
| Securities held to maturity | 292,783,000 | 284,552,000 | 279,949,000 | 276,227,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 604,480,000 | 593,318,000 | 587,547,000 | 568,650,000 |
| Interest-bearing deposits | 430,435,000 | 421,409,000 | 421,981,000 | 404,265,000 |
| Noninterest-bearing deposits | 174,045,000 | 171,909,000 | 165,566,000 | 164,385,000 |
| Equity capital | 72,996,000 | 70,130,000 | 68,786,000 | 67,318,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Interest income | 5,007,000 | 9,872,000 | 14,917,000 | 20,158,000 |
| Interest expense | 179,000 | 471,000 | 813,000 | 1,171,000 |
| Net interest income | 4,828,000 | 9,401,000 | 14,104,000 | 18,987,000 |
| Noninterest income | 975,000 | 2,361,000 | 3,333,000 | 4,225,000 |
| Noninterest expense | 3,806,000 | 7,663,000 | 10,499,000 | 14,727,000 |
| Provision for loan losses | 300,000 | 600,000 | 670,000 | 300,000 |
| Pretax income | 1,697,000 | 3,499,000 | 6,268,000 | 8,185,000 |
| Income tax | 516,000 | 1,032,000 | 1,548,000 | 1,507,000 |
| Net income | 1,181,000 | 2,467,000 | 4,720,000 | 6,678,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Tier 1 capital | 78,966,000 | 80,252,000 | 82,509,000 | 80,904,000 |
| Total capital | 82,416,000 | 84,046,000 | 86,636,000 | 85,114,000 |
| Risk-weighted assets | 366,476,000 | 366,239,000 | 362,831,000 | 357,807,000 |