Call reports 2024
FIRST SOUTHERN STATE BANK — 2024
What FIRST SOUTHERN 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 | 788,429,000 | 807,004,000 | 820,618,000 | 822,277,000 |
| Total loans | 449,993,000 | 454,100,000 | 461,447,000 | 460,873,000 |
| Allowance for loan losses | 5,440,000 | 5,509,000 | 5,526,000 | 5,558,000 |
| Securities available for sale | 248,314,000 | 248,206,000 | 255,546,000 | 250,376,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 730,305,000 | 744,872,000 | 748,978,000 | 757,574,000 |
| Interest-bearing deposits | 675,851,000 | 687,932,000 | 691,731,000 | 696,476,000 |
| Noninterest-bearing deposits | 54,454,000 | 56,940,000 | 57,247,000 | 61,098,000 |
| Equity capital | 52,854,000 | 55,900,000 | 64,867,000 | 58,699,000 |
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 | 9,251,000 | 19,004,000 | 29,163,000 | 39,477,000 |
| Interest expense | 3,367,000 | 7,081,000 | 11,198,000 | 15,357,000 |
| Net interest income | 5,884,000 | 11,923,000 | 17,965,000 | 24,120,000 |
| Noninterest income | 1,099,000 | 2,948,000 | 4,044,000 | 5,207,000 |
| Noninterest expense | 4,418,000 | 8,617,000 | 12,927,000 | 17,468,000 |
| Provision for loan losses | 60,000 | 135,000 | 195,000 | 730,000 |
| Pretax income | 2,505,000 | 6,119,000 | 8,887,000 | 11,129,000 |
| Income tax | 481,000 | 1,149,000 | 1,730,000 | 2,111,000 |
| Net income | 2,024,000 | 4,970,000 | 7,157,000 | 9,018,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 79,989,000 | 82,158,000 | 83,593,000 | 84,376,000 |