Call reports 2024
FIRST PALMETTO BANK — 2024
What FIRST PALMETTO 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 | 916,661,000 | 950,496,000 | 973,082,000 | 975,274,000 |
| Total loans | 692,471,000 | 690,897,000 | 698,189,000 | 721,866,000 |
| Allowance for loan losses | 11,829,000 | 11,842,000 | 11,887,000 | 11,889,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 91,478,000 | 83,266,000 | 72,940,000 | 90,770,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 825,803,000 | 858,830,000 | 879,856,000 | 882,086,000 |
| Interest-bearing deposits | 661,268,000 | 688,511,000 | 701,178,000 | 711,947,000 |
| Noninterest-bearing deposits | 164,535,000 | 170,319,000 | 178,678,000 | 170,139,000 |
| Equity capital | 86,749,000 | 87,479,000 | 88,470,000 | 88,646,000 |
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 | 10,495,000 | 21,725,000 | 33,595,000 | 45,692,000 |
| Interest expense | 4,211,000 | 8,797,000 | 13,667,000 | 18,506,000 |
| Net interest income | 6,284,000 | 12,928,000 | 19,928,000 | 27,186,000 |
| Noninterest income | 1,453,000 | 2,855,000 | 3,930,000 | 5,056,000 |
| Noninterest expense | 5,390,000 | 11,159,000 | 16,614,000 | 22,134,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 2,347,000 | 4,624,000 | 7,244,000 | 10,108,000 |
| Income tax | 563,000 | 1,110,000 | 1,739,000 | 2,427,000 |
| Net income | 1,784,000 | 3,514,000 | 5,505,000 | 7,681,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 86,744,000 | 87,474,000 | 88,465,000 | 88,641,000 |
| Total capital | 94,860,000 | 95,602,000 | 96,721,000 | 97,153,000 |
| Risk-weighted assets | 645,220,000 | 646,133,000 | 656,492,000 | 677,244,000 |