Call reports 2024
APEX BANKING COMPANY OF GEORGIA — 2024
What APEX BANKING COMPANY OF GEORGIA 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 | 59,741,000 | 60,771,000 | 60,999,000 | 57,677,000 |
| Total loans | 27,551,000 | 30,438,000 | 30,997,000 | 33,727,000 |
| Allowance for loan losses | 382,000 | 397,000 | 408,000 | 446,000 |
| Securities available for sale | 21,404,000 | 21,255,000 | 19,971,000 | 19,232,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 54,788,000 | 55,826,000 | 55,565,000 | 52,610,000 |
| Interest-bearing deposits | 39,119,000 | 41,171,000 | 41,455,000 | 37,901,000 |
| Noninterest-bearing deposits | 15,669,000 | 14,655,000 | 14,110,000 | 14,709,000 |
| Equity capital | 4,834,000 | 4,772,000 | 5,248,000 | 4,893,000 |
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 | 710,000 | 1,516,000 | 2,353,000 | 3,173,000 |
| Interest expense | 136,000 | 315,000 | 522,000 | 716,000 |
| Net interest income | 574,000 | 1,201,000 | 1,831,000 | 2,457,000 |
| Noninterest income | 59,000 | 118,000 | 165,000 | 272,000 |
| Noninterest expense | 841,000 | 1,679,000 | 2,369,000 | 3,055,000 |
| Provision for loan losses | 0 | 15,000 | 26,000 | 64,000 |
| Pretax income | -208,000 | -375,000 | -375,000 | -366,000 |
| Income tax | -58,000 | -105,000 | -105,000 | -130,000 |
| Net income | -150,000 | -270,000 | -270,000 | -236,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,670,000 | 6,550,000 | 6,550,000 | 6,584,000 |