Call reports 2024
1ST FEDERAL SAVINGS BANK OF SC, INC. — 2024
What 1ST FEDERAL SAVINGS BANK OF SC, INC. 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 | 157,739,000 | 165,289,000 | 166,426,000 | 144,932,000 |
| Total loans | 118,495,000 | 119,517,000 | 119,130,000 | 119,467,000 |
| Allowance for loan losses | 955,000 | 962,000 | 972,000 | 962,000 |
| Securities available for sale | 14,509,000 | 14,201,000 | 14,431,000 | 15,232,000 |
| Securities held to maturity | 13,164,000 | 13,189,000 | 13,209,000 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 131,620,000 | 133,316,000 | 135,449,000 | 123,448,000 |
| Interest-bearing deposits | 103,988,000 | 104,262,000 | 108,619,000 | 100,450,000 |
| Noninterest-bearing deposits | 27,632,000 | 29,054,000 | 26,830,000 | 22,998,000 |
| Equity capital | 10,791,000 | 11,013,000 | 13,505,000 | 12,415,000 |
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 | 1,706,000 | 3,486,000 | 5,349,000 | 7,200,000 |
| Interest expense | 502,000 | 1,138,000 | 1,758,000 | 2,286,000 |
| Net interest income | 1,204,000 | 2,348,000 | 3,591,000 | 4,914,000 |
| Noninterest income | 158,000 | 337,000 | 2,661,000 | 2,857,000 |
| Noninterest expense | 1,191,000 | 2,361,000 | 3,621,000 | 5,181,000 |
| Provision for loan losses | 20,000 | 35,000 | 50,000 | 43,000 |
| Pretax income | 151,000 | 276,000 | 2,564,000 | 1,059,000 |
| Income tax | 29,000 | 48,000 | 178,000 | 270,000 |
| Net income | 122,000 | 228,000 | 2,386,000 | 789,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 12,443,000 | 12,549,000 | 14,706,000 | 13,110,000 |
| Total capital | 13,398,000 | 13,511,000 | 15,683,000 | 14,081,000 |
| Risk-weighted assets | 83,226,000 | 84,364,000 | 84,490,000 | 79,768,000 |