Call reports 2024
SANDHILLS STATE BANK — 2024
What SANDHILLS 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 | 337,443,000 | 349,455,000 | 357,689,000 | 348,494,000 |
| Total loans | 251,536,000 | 265,099,000 | 265,564,000 | 269,096,000 |
| Allowance for loan losses | 2,623,000 | 2,578,000 | 2,604,000 | 2,660,000 |
| Securities available for sale | 54,954,000 | 56,157,000 | 61,266,000 | 55,663,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 304,452,000 | 301,183,000 | 322,280,000 | 316,931,000 |
| Interest-bearing deposits | 240,740,000 | 241,881,000 | 261,855,000 | 256,114,000 |
| Noninterest-bearing deposits | 63,712,000 | 59,302,000 | 60,425,000 | 60,817,000 |
| Equity capital | 29,846,000 | 30,025,000 | 31,600,000 | 30,226,000 |
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 | 4,191,000 | 8,409,000 | 12,831,000 | 17,477,000 |
| Interest expense | 1,430,000 | 2,916,000 | 4,640,000 | 6,099,000 |
| Net interest income | 2,761,000 | 5,493,000 | 8,191,000 | 11,378,000 |
| Noninterest income | 129,000 | 263,000 | 399,000 | 479,000 |
| Noninterest expense | 1,864,000 | 3,730,000 | 5,580,000 | 7,493,000 |
| Provision for loan losses | 0 | 40,000 | 65,000 | 120,000 |
| Pretax income | 1,026,000 | 1,982,000 | 2,943,000 | 4,243,000 |
| Income tax | 35,000 | 70,000 | 93,000 | 103,000 |
| Net income | 991,000 | 1,912,000 | 2,850,000 | 4,140,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 29,434,000 | 29,495,000 | 29,274,000 | 29,705,000 |
| Total capital | 32,057,000 | 32,073,000 | 31,878,000 | 32,365,000 |
| Risk-weighted assets | 257,873,000 | 272,884,000 | 275,856,000 | 277,108,000 |