Call reports 2024
SOLOMON STATE BANK — 2024
What SOLOMON 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 | 174,025,000 | 171,638,000 | 172,260,000 | 172,477,000 |
| Total loans | 138,520,000 | 140,831,000 | 142,154,000 | 142,644,000 |
| Allowance for loan losses | 5,023,000 | 5,053,000 | 5,129,000 | 4,917,000 |
| Securities available for sale | 28,883,000 | 26,653,000 | 25,870,000 | 25,326,000 |
| Securities held to maturity | 61,000 | 61,000 | 31,000 | 31,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 138,874,000 | 136,667,000 | 136,547,000 | 133,710,000 |
| Interest-bearing deposits | 123,081,000 | 122,108,000 | 122,338,000 | 119,268,000 |
| Noninterest-bearing deposits | 15,793,000 | 14,559,000 | 14,209,000 | 14,442,000 |
| Equity capital | 33,631,000 | 33,397,000 | 34,013,000 | 33,670,000 |
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 | 2,447,000 | 4,988,000 | 7,578,000 | 10,219,000 |
| Interest expense | 801,000 | 1,654,000 | 2,551,000 | 3,464,000 |
| Net interest income | 1,646,000 | 3,334,000 | 5,027,000 | 6,755,000 |
| Noninterest income | 26,000 | 46,000 | 71,000 | 95,000 |
| Noninterest expense | 734,000 | 1,633,000 | 2,416,000 | 3,060,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 938,000 | 1,747,000 | 2,682,000 | 3,790,000 |
| Income tax | 18,000 | 54,000 | 97,000 | 144,000 |
| Net income | 920,000 | 1,693,000 | 2,585,000 | 3,646,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 33,706,000 | 33,479,000 | 33,871,000 | 33,632,000 |