Call reports 2024
FIRST SEACOAST BANK — 2024
What FIRST SEACOAST 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 | 576,540,000 | 602,018,000 | 602,075,000 | 581,057,000 |
| Total loans | 431,608,000 | 434,882,000 | 436,785,000 | 437,679,000 |
| Allowance for loan losses | 3,420,000 | 3,451,000 | 3,445,000 | 3,486,000 |
| Securities available for sale | 124,199,000 | 125,943,000 | 133,004,000 | 120,217,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 428,893,000 | 471,240,000 | 467,670,000 | 472,402,000 |
| Interest-bearing deposits | 340,967,000 | 379,240,000 | 378,345,000 | 392,040,000 |
| Noninterest-bearing deposits | 87,926,000 | 92,000,000 | 89,325,000 | 80,362,000 |
| Equity capital | 44,302,000 | 46,233,000 | 48,662,000 | 44,991,000 |
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 | 6,084,000 | 12,380,000 | 18,945,000 | 25,494,000 |
| Interest expense | 3,180,000 | 6,433,000 | 10,001,000 | 13,533,000 |
| Net interest income | 2,904,000 | 5,947,000 | 8,944,000 | 11,961,000 |
| Noninterest income | 284,000 | 3,158,000 | 3,506,000 | 3,834,000 |
| Noninterest expense | 3,998,000 | 7,812,000 | 11,729,000 | 15,836,000 |
| Provision for loan losses | 30,000 | 60,000 | 80,000 | 120,000 |
| Pretax income | -791,000 | 1,329,000 | 741,000 | 38,000 |
| Income tax | 362,000 | 464,000 | -176,000 | 527,000 |
| Net income | -1,153,000 | 865,000 | 917,000 | -489,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 50,930,000 | 53,155,000 | 53,414,000 | 51,820,000 |
| Total capital | 54,692,000 | 56,900,000 | 57,150,000 | 55,506,000 |
| Risk-weighted assets | 367,809,000 | 366,450,000 | 364,897,000 | 356,942,000 |