Call reports 2024
PALMETTO STATE BANK — 2024
What PALMETTO STATE 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 | 616,500,000 | 596,709,000 | 597,414,000 | 603,711,000 |
| Total loans | 204,437,000 | 208,555,000 | 208,892,000 | 217,071,000 |
| Allowance for loan losses | 4,097,000 | 4,040,000 | 3,997,000 | 4,020,000 |
| Securities available for sale | 82,668,000 | 80,989,000 | 81,776,000 | 75,641,000 |
| Securities held to maturity | 257,584,000 | 254,138,000 | 251,068,000 | 248,505,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 516,958,000 | 492,901,000 | 488,921,000 | 497,568,000 |
| Interest-bearing deposits | 359,722,000 | 350,418,000 | 342,469,000 | 354,695,000 |
| Noninterest-bearing deposits | 157,236,000 | 142,483,000 | 146,452,000 | 142,873,000 |
| Equity capital | 72,707,000 | 74,925,000 | 78,962,000 | 74,395,000 |
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 | 5,347,000 | 10,893,000 | 16,190,000 | 21,883,000 |
| Interest expense | 1,368,000 | 2,714,000 | 4,003,000 | 5,309,000 |
| Net interest income | 3,979,000 | 8,179,000 | 12,187,000 | 16,574,000 |
| Noninterest income | 874,000 | 1,674,000 | 2,420,000 | 3,117,000 |
| Noninterest expense | 3,588,000 | 7,032,000 | 10,501,000 | 13,752,000 |
| Provision for loan losses | 0 | -229,000 | -229,000 | -229,000 |
| Pretax income | 1,265,000 | 2,821,000 | 4,106,000 | 5,939,000 |
| Income tax | 210,000 | 450,000 | 580,000 | 790,000 |
| Net income | 1,055,000 | 2,371,000 | 3,526,000 | 5,149,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 86,046,000 | 87,361,000 | 88,516,000 | 86,639,000 |
| Total capital | 90,070,000 | 91,358,000 | 92,481,000 | — |
| Risk-weighted assets | 321,886,000 | 319,549,000 | 316,952,000 | — |