Call reports 2024
AMERICAN BANK OF THE CAROLINAS — 2024
What AMERICAN BANK OF THE CAROLINAS 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 | 172,430,000 | 182,838,000 | 188,719,000 | 197,025,000 |
| Total loans | 115,534,000 | 124,613,000 | 122,522,000 | 128,267,000 |
| Allowance for loan losses | 1,173,000 | 1,228,000 | 1,239,000 | 1,289,000 |
| Securities available for sale | 28,200,000 | 28,907,000 | 32,603,000 | 33,023,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 148,825,000 | 158,742,000 | 163,130,000 | 172,404,000 |
| Interest-bearing deposits | 114,731,000 | 125,012,000 | 122,070,000 | 121,361,000 |
| Noninterest-bearing deposits | 34,094,000 | 33,730,000 | 41,060,000 | 51,043,000 |
| Equity capital | 19,994,000 | 20,475,000 | 21,836,000 | 21,298,000 |
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 | 2,363,000 | 4,988,000 | 7,770,000 | 10,561,000 |
| Interest expense | 576,000 | 1,260,000 | 2,035,000 | 2,798,000 |
| Net interest income | 1,787,000 | 3,728,000 | 5,735,000 | 7,763,000 |
| Noninterest income | 99,000 | 224,000 | 356,000 | 514,000 |
| Noninterest expense | 1,287,000 | 2,641,000 | 4,125,000 | 5,617,000 |
| Provision for loan losses | 83,000 | 138,000 | 149,000 | 199,000 |
| Pretax income | 506,000 | 1,134,000 | 1,780,000 | 2,385,000 |
| Income tax | -363,000 | -218,000 | -68,000 | 67,000 |
| Net income | 869,000 | 1,352,000 | 1,848,000 | 2,318,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 22,657,000 | 23,146,000 | 23,649,000 | 23,968,000 |