Call reports 2024
FIRST NATIONAL BANK OF STERLING CITY, THE — 2024
What FIRST NATIONAL BANK OF STERLING CITY, THE 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 | 244,883,000 | 223,008,000 | 226,115,000 | 226,027,000 |
| Total loans | 34,160,000 | 35,027,000 | 37,597,000 | 38,813,000 |
| Allowance for loan losses | 393,000 | 393,000 | 394,000 | 429,000 |
| Securities available for sale | 176,593,000 | 174,146,000 | 175,718,000 | 171,998,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 236,981,000 | 213,450,000 | 210,990,000 | 214,855,000 |
| Interest-bearing deposits | 144,181,000 | 126,857,000 | 118,083,000 | 114,483,000 |
| Noninterest-bearing deposits | 92,800,000 | 86,593,000 | 92,907,000 | 100,372,000 |
| Equity capital | 7,755,000 | 9,390,000 | 14,920,000 | 11,063,000 |
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 | 2,019,000 | 3,898,000 | 5,719,000 | 7,584,000 |
| Interest expense | 486,000 | 1,004,000 | 1,431,000 | 1,749,000 |
| Net interest income | 1,533,000 | 2,894,000 | 4,288,000 | 5,835,000 |
| Noninterest income | 118,000 | 220,000 | 331,000 | 442,000 |
| Noninterest expense | 796,000 | 1,583,000 | 2,388,000 | 3,274,000 |
| Provision for loan losses | 0 | 0 | 5,000 | 35,000 |
| Pretax income | 855,000 | 1,531,000 | 2,226,000 | 2,968,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 855,000 | 1,531,000 | 2,226,000 | 2,968,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 23,892,000 | 24,479,000 | 25,084,000 | 25,739,000 |
| Total capital | 24,285,000 | 24,872,000 | 25,478,000 | 26,167,000 |
| Risk-weighted assets | 69,013,000 | 66,287,000 | 67,640,000 | 69,371,000 |