Call reports 2024
FIRST COMMUNITY BANK OF EAST TENNESSEE — 2024
What FIRST COMMUNITY BANK OF EAST TENNESSEE 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 | 204,109,000 | 207,340,000 | 204,747,000 | 195,787,000 |
| Total loans | 141,393,000 | 145,491,000 | 142,877,000 | 140,598,000 |
| Allowance for loan losses | 1,832,000 | 1,836,000 | 1,958,000 | 1,684,000 |
| Securities available for sale | 17,893,000 | 15,737,000 | 17,381,000 | 15,909,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 174,697,000 | 176,974,000 | 173,498,000 | 167,201,000 |
| Interest-bearing deposits | 132,114,000 | 133,452,000 | 134,940,000 | 127,731,000 |
| Noninterest-bearing deposits | 42,583,000 | 43,522,000 | 38,558,000 | 39,470,000 |
| Equity capital | 21,329,000 | 21,915,000 | 22,719,000 | 20,017,000 |
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 | 2,457,000 | 4,978,000 | 7,558,000 | 10,100,000 |
| Interest expense | 530,000 | 1,112,000 | 1,751,000 | 2,394,000 |
| Net interest income | 1,927,000 | 3,866,000 | 5,807,000 | 7,706,000 |
| Noninterest income | 262,000 | 521,000 | 751,000 | 1,003,000 |
| Noninterest expense | 1,480,000 | 2,955,000 | 4,436,000 | 5,960,000 |
| Provision for loan losses | 0 | 0 | 119,000 | 125,000 |
| Pretax income | 645,000 | 1,408,000 | 1,987,000 | 2,526,000 |
| Income tax | 153,000 | 352,000 | 487,000 | 515,000 |
| Net income | 492,000 | 1,056,000 | 1,500,000 | 2,011,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 22,659,000 | 23,223,000 | 23,667,000 | 21,177,000 |