Call reports 2024
SOUTH STORY BANK & TRUST — 2024
What SOUTH STORY BANK & TRUST 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 | 539,185,000 | 558,548,000 | 553,414,000 | 572,985,000 |
| Total loans | 494,757,000 | 513,836,000 | 515,190,000 | 515,452,000 |
| Allowance for loan losses | 4,257,000 | 4,332,000 | 4,407,000 | 6,985,000 |
| Securities available for sale | 9,713,000 | 7,824,000 | 7,876,000 | 7,468,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 452,396,000 | 455,399,000 | 453,346,000 | 450,313,000 |
| Interest-bearing deposits | 403,225,000 | 398,631,000 | 402,740,000 | 399,796,000 |
| Noninterest-bearing deposits | 49,171,000 | 56,768,000 | 50,606,000 | 50,517,000 |
| Equity capital | 61,887,000 | 62,450,000 | 63,210,000 | 64,176,000 |
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 | 7,474,000 | 15,607,000 | 24,018,000 | 32,359,000 |
| Interest expense | 4,076,000 | 8,448,000 | 12,996,000 | 17,157,000 |
| Net interest income | 3,398,000 | 7,159,000 | 11,022,000 | 15,202,000 |
| Noninterest income | 282,000 | 555,000 | 829,000 | 1,116,000 |
| Noninterest expense | 3,292,000 | 6,564,000 | 9,922,000 | 13,586,000 |
| Provision for loan losses | 50,000 | 125,000 | 200,000 | 3,325,000 |
| Pretax income | 339,000 | 1,020,000 | 1,733,000 | -592,000 |
| Income tax | 82,000 | 249,000 | 424,000 | -128,000 |
| Net income | 257,000 | 771,000 | 1,309,000 | -464,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 54,811,000 | 55,363,000 | 55,930,000 | 57,205,000 |