Call reports 2024
PRIMESOUTH BANK — 2024
What PRIMESOUTH 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 | 1,257,698,000 | 1,310,576,000 | 1,358,534,000 | 1,342,591,000 |
| Total loans | 1,001,519,000 | 1,040,225,000 | 1,077,299,000 | 1,092,404,000 |
| Allowance for loan losses | 14,431,000 | 14,907,000 | 15,616,000 | 15,844,000 |
| Securities available for sale | 128,623,000 | 131,432,000 | 133,670,000 | 125,437,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,103,985,000 | 1,127,709,000 | 1,145,072,000 | 1,173,471,000 |
| Interest-bearing deposits | 839,440,000 | 858,788,000 | 876,751,000 | 887,942,000 |
| Noninterest-bearing deposits | 264,545,000 | 268,921,000 | 268,321,000 | 285,529,000 |
| Equity capital | 119,329,000 | 124,069,000 | 131,803,000 | 134,247,000 |
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 | 18,599,000 | 37,912,000 | 58,484,000 | 79,386,000 |
| Interest expense | 5,967,000 | 12,515,000 | 19,676,000 | 26,154,000 |
| Net interest income | 12,632,000 | 25,397,000 | 38,808,000 | 53,232,000 |
| Noninterest income | 1,773,000 | 3,806,000 | 6,085,000 | 8,677,000 |
| Noninterest expense | 8,203,000 | 16,173,000 | 24,384,000 | 33,165,000 |
| Provision for loan losses | 274,000 | 774,000 | 1,474,000 | 1,709,000 |
| Pretax income | 5,928,000 | 12,256,000 | 19,035,000 | 27,035,000 |
| Income tax | 1,373,000 | 2,848,000 | 4,437,000 | 5,948,000 |
| Net income | 4,555,000 | 9,408,000 | 14,598,000 | 21,087,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 128,389,000 | 132,873,000 | 137,695,000 | 143,815,000 |
| Total capital | 140,317,000 | 145,227,000 | 150,369,000 | 156,536,000 |
| Risk-weighted assets | 950,839,000 | 984,809,000 | 1,010,073,000 | 1,013,603,000 |
Machine access — free, no API key
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