Call reports 2024
FRANKLIN STATE BANK — 2024
What FRANKLIN 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 | 42,240,000 | 43,218,000 | 43,048,000 | 44,320,000 |
| Total loans | 24,358,000 | 25,100,000 | 25,691,000 | 25,061,000 |
| Allowance for loan losses | 245,000 | 243,000 | 246,000 | 249,000 |
| Securities available for sale | 7,667,000 | 7,620,000 | 6,825,000 | 6,127,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 36,332,000 | 37,227,000 | 36,843,000 | 38,034,000 |
| Interest-bearing deposits | 25,856,000 | 26,497,000 | 26,307,000 | 28,222,000 |
| Noninterest-bearing deposits | 10,476,000 | 10,730,000 | 10,536,000 | 9,812,000 |
| Equity capital | 5,333,000 | 5,402,000 | 5,617,000 | 5,673,000 |
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 | 434,000 | 885,000 | 1,362,000 | 1,840,000 |
| Interest expense | 148,000 | 305,000 | 470,000 | 630,000 |
| Net interest income | 286,000 | 580,000 | 892,000 | 1,210,000 |
| Noninterest income | 18,000 | 35,000 | 54,000 | 76,000 |
| Noninterest expense | 211,000 | 422,000 | 632,000 | 857,000 |
| Provision for loan losses | 3,000 | 6,000 | 9,000 | 12,000 |
| Pretax income | 91,000 | 185,000 | 305,000 | 417,000 |
| Income tax | 32,000 | 71,000 | 100,000 | 130,000 |
| Net income | 59,000 | 114,000 | 205,000 | 287,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 5,651,000 | 5,706,000 | 5,796,000 | 5,879,000 |