Call reports 2024
STATE BANK OF CHERRY — 2024
What STATE BANK OF CHERRY 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 | 122,048,000 | 121,682,000 | 123,961,000 | 128,456,000 |
| Total loans | 98,834,000 | 98,355,000 | 96,771,000 | 101,144,000 |
| Allowance for loan losses | 2,059,000 | 2,058,000 | 1,902,000 | 1,878,000 |
| Securities available for sale | 14,522,000 | 13,893,000 | 18,685,000 | 18,566,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 104,572,000 | 104,444,000 | 101,904,000 | 102,036,000 |
| Interest-bearing deposits | 85,719,000 | 85,285,000 | 83,837,000 | 83,492,000 |
| Noninterest-bearing deposits | 18,853,000 | 19,159,000 | 18,067,000 | 18,544,000 |
| Equity capital | 14,084,000 | 13,835,000 | 14,725,000 | 14,177,000 |
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 | 1,553,000 | 3,060,000 | 4,694,000 | 6,320,000 |
| Interest expense | 470,000 | 933,000 | 1,419,000 | 1,923,000 |
| Net interest income | 1,083,000 | 2,127,000 | 3,275,000 | 4,397,000 |
| Noninterest income | 60,000 | 142,000 | 206,000 | 264,000 |
| Noninterest expense | 593,000 | 1,191,000 | 1,854,000 | 2,446,000 |
| Provision for loan losses | 7,000 | 28,000 | 28,000 | 28,000 |
| Pretax income | 522,000 | 1,029,000 | 1,578,000 | 2,150,000 |
| Income tax | 8,000 | 13,000 | 17,000 | 21,000 |
| Net income | 514,000 | 1,016,000 | 1,561,000 | 2,129,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 14,856,000 | 14,686,000 | 15,064,000 | 15,299,000 |