Call reports 2024
1ST STATE BANK — 2024
What 1ST 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 | 473,972,000 | 478,504,000 | 462,063,000 | 451,883,000 |
| Total loans | 275,213,000 | 284,465,000 | 283,889,000 | 284,058,000 |
| Allowance for loan losses | 5,051,000 | 5,055,000 | 5,048,000 | 5,374,000 |
| Securities available for sale | 89,003,000 | 84,358,000 | 89,396,000 | 87,313,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 421,721,000 | 427,904,000 | 408,729,000 | 398,069,000 |
| Interest-bearing deposits | 230,378,000 | 228,029,000 | 230,611,000 | 219,378,000 |
| Noninterest-bearing deposits | 191,343,000 | 199,875,000 | 178,118,000 | 178,691,000 |
| Equity capital | 44,791,000 | 45,755,000 | 48,906,000 | 49,199,000 |
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 | 5,994,000 | 11,914,000 | 17,974,000 | 23,859,000 |
| Interest expense | 1,617,000 | 3,306,000 | 5,068,000 | 6,630,000 |
| Net interest income | 4,377,000 | 8,608,000 | 12,906,000 | 17,229,000 |
| Noninterest income | 384,000 | 821,000 | 1,334,000 | 1,744,000 |
| Noninterest expense | 3,008,000 | 6,809,000 | 9,729,000 | 12,495,000 |
| Provision for loan losses | 43,000 | 43,000 | 155,000 | 271,000 |
| Pretax income | 1,753,000 | 2,620,000 | 4,509,000 | 6,403,000 |
| Income tax | 388,000 | 582,000 | 941,000 | 1,300,000 |
| Net income | 1,365,000 | 2,038,000 | 3,568,000 | 5,103,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 48,605,000 | 49,220,000 | 50,677,000 | 51,790,000 |
| Total capital | 53,095,000 | 53,818,000 | 55,217,000 | 56,333,000 |
| Risk-weighted assets | 358,288,000 | 367,020,000 | 362,468,000 | 362,472,000 |