Call reports 2024
SOUTHERN BANK OF TENNESSEE — 2024
What SOUTHERN BANK OF TENNESSEE 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 | 423,976,000 | 430,187,000 | 425,793,000 | 449,915,000 |
| Total loans | 281,565,000 | 287,762,000 | 304,694,000 | 318,852,000 |
| Allowance for loan losses | 2,686,000 | 2,715,000 | 2,701,000 | 2,858,000 |
| Securities available for sale | 54,513,000 | 51,469,000 | 58,885,000 | 59,090,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 356,972,000 | 362,830,000 | 372,661,000 | 387,565,000 |
| Interest-bearing deposits | 312,664,000 | 317,033,000 | 325,913,000 | 339,277,000 |
| Noninterest-bearing deposits | 44,308,000 | 45,797,000 | 46,748,000 | 48,288,000 |
| Equity capital | 39,328,000 | 39,203,000 | 40,201,000 | 41,002,000 |
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 | 5,671,000 | 11,663,000 | 18,056,000 | 24,681,000 |
| Interest expense | 3,001,000 | 6,169,000 | 9,412,000 | 12,486,000 |
| Net interest income | 2,670,000 | 5,494,000 | 8,644,000 | 12,195,000 |
| Noninterest income | 245,000 | 587,000 | 833,000 | 1,232,000 |
| Noninterest expense | 2,681,000 | 5,534,000 | 8,322,000 | 11,356,000 |
| Provision for loan losses | 46,000 | 75,000 | 61,000 | 221,000 |
| Pretax income | 224,000 | 537,000 | 1,115,000 | 1,528,000 |
| Income tax | 15,000 | 36,000 | 74,000 | -122,000 |
| Net income | 209,000 | 501,000 | 1,041,000 | 1,650,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 39,773,000 | 39,394,000 | 39,508,000 | 40,048,000 |
| Total capital | 42,785,000 | 42,406,000 | 42,551,000 | 43,267,000 |
| Risk-weighted assets | 307,838,000 | 317,132,000 | 332,032,000 | 348,137,000 |