Call reports 2024
FIRST STATE BANK OF THE SOUTHEAST, INC — 2024
What FIRST STATE BANK OF THE SOUTHEAST, 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 | 399,059,000 | 415,207,000 | 412,767,000 | 419,975,000 |
| Total loans | 347,032,000 | 353,582,000 | 355,015,000 | 361,105,000 |
| Allowance for loan losses | 4,068,000 | 4,009,000 | 4,431,000 | 4,732,000 |
| Securities available for sale | 23,545,000 | 22,459,000 | 23,028,000 | 21,902,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 357,791,000 | 359,500,000 | 348,072,000 | 358,626,000 |
| Interest-bearing deposits | 283,993,000 | 285,766,000 | 275,160,000 | 284,738,000 |
| Noninterest-bearing deposits | 73,798,000 | 73,734,000 | 72,912,000 | 73,888,000 |
| Equity capital | 31,366,000 | 31,242,000 | 31,121,000 | 30,312,000 |
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 | 5,210,000 | 10,639,000 | 16,183,000 | 21,765,000 |
| Interest expense | 2,052,000 | 4,170,000 | 6,342,000 | 8,499,000 |
| Net interest income | 3,158,000 | 6,469,000 | 9,841,000 | 13,266,000 |
| Noninterest income | 690,000 | 1,337,000 | 2,021,000 | 2,391,000 |
| Noninterest expense | 2,926,000 | 5,959,000 | 8,950,000 | 12,050,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 922,000 | 1,847,000 | 2,912,000 | 3,607,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 922,000 | 1,847,000 | 2,912,000 | 3,607,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 36,017,000 | 35,756,000 | 34,819,000 | 34,915,000 |
| Total capital | 39,937,000 | 39,859,000 | 38,938,000 | 39,070,000 |
| Risk-weighted assets | 313,366,000 | 330,897,000 | 329,129,000 | 331,739,000 |