Call reports 2024
CHEROKEE STATE BANK — 2024
What CHEROKEE 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 | 260,413,000 | 256,645,000 | 263,347,000 | 260,666,000 |
| Total loans | 169,874,000 | 168,541,000 | 167,674,000 | 172,733,000 |
| Allowance for loan losses | 2,277,000 | 2,277,000 | 2,277,000 | 1,955,000 |
| Securities available for sale | 72,135,000 | 71,721,000 | 74,616,000 | 71,134,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 216,884,000 | 211,958,000 | 217,276,000 | 210,490,000 |
| Interest-bearing deposits | 190,328,000 | 184,904,000 | 190,612,000 | 184,211,000 |
| Noninterest-bearing deposits | 26,556,000 | 27,054,000 | 26,664,000 | 26,279,000 |
| Equity capital | 22,524,000 | 22,792,000 | 25,127,000 | 22,994,000 |
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 | 2,978,000 | 6,036,000 | 9,157,000 | 12,253,000 |
| Interest expense | 1,301,000 | 2,823,000 | 4,395,000 | 5,881,000 |
| Net interest income | 1,677,000 | 3,213,000 | 4,762,000 | 6,372,000 |
| Noninterest income | 277,000 | 724,000 | 1,043,000 | 1,518,000 |
| Noninterest expense | 1,339,000 | 2,707,000 | 4,087,000 | 5,528,000 |
| Provision for loan losses | 0 | 0 | 0 | 100,000 |
| Pretax income | 630,000 | 1,260,000 | 1,746,000 | 2,293,000 |
| Income tax | 128,000 | 250,000 | 340,000 | 457,000 |
| Net income | 502,000 | 1,010,000 | 1,406,000 | 1,836,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 32,909,000 | 33,129,000 | 33,236,000 | 33,379,000 |
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