Call reports 2024
AMERIFIRST BANK — 2024
What AMERIFIRST 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 | 319,527,000 | 316,940,000 | 343,672,000 | 334,279,000 |
| Total loans | 244,591,000 | 244,211,000 | 243,610,000 | 263,290,000 |
| Allowance for loan losses | 2,712,000 | 2,726,000 | 2,852,000 | 2,903,000 |
| Securities available for sale | 39,359,000 | 37,432,000 | 39,299,000 | 38,227,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 284,511,000 | 281,257,000 | 306,521,000 | 299,333,000 |
| Interest-bearing deposits | 225,175,000 | 219,295,000 | 241,300,000 | 238,081,000 |
| Noninterest-bearing deposits | 59,336,000 | 61,962,000 | 65,221,000 | 61,252,000 |
| Equity capital | 31,041,000 | 31,913,000 | 32,954,000 | 30,690,000 |
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 | 4,200,000 | 8,294,000 | 13,119,000 | 17,721,000 |
| Interest expense | 1,103,000 | 2,200,000 | 3,501,000 | 4,796,000 |
| Net interest income | 3,097,000 | 6,094,000 | 9,618,000 | 12,925,000 |
| Noninterest income | 296,000 | 574,000 | 859,000 | 1,159,000 |
| Noninterest expense | 2,198,000 | 4,348,000 | 6,610,000 | 9,018,000 |
| Provision for loan losses | 33,000 | 58,000 | 245,000 | 283,000 |
| Pretax income | 1,162,000 | 2,262,000 | 3,622,000 | 4,783,000 |
| Income tax | 274,000 | 544,000 | 886,000 | 1,178,000 |
| Net income | 888,000 | 1,718,000 | 2,736,000 | 3,605,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 31,648,000 | 32,539,000 | 32,765,000 | 31,375,000 |
| Total capital | 34,348,000 | 35,253,000 | 35,605,000 | 34,265,000 |
| Risk-weighted assets | 248,573,000 | 239,890,000 | 255,460,000 | 270,464,000 |