Call reports 2024
SOUTH CENTRAL BANK, INC. — 2024
What SOUTH CENTRAL BANK, 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 | 1,851,311,000 | 1,845,172,000 | 1,912,348,000 | 1,987,017,000 |
| Total loans | 1,420,392,000 | 1,449,707,000 | 1,510,541,000 | 1,531,831,000 |
| Allowance for loan losses | 14,204,000 | 14,497,000 | 15,105,000 | 15,324,000 |
| Securities available for sale | 234,247,000 | 231,128,000 | 230,893,000 | 275,667,000 |
| Securities held to maturity | 180,000 | 180,000 | 180,000 | 179,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,640,803,000 | 1,600,294,000 | 1,658,568,000 | 1,742,517,000 |
| Interest-bearing deposits | 1,245,798,000 | 1,227,618,000 | 1,291,060,000 | 1,369,822,000 |
| Noninterest-bearing deposits | 395,005,000 | 372,676,000 | 367,508,000 | 372,695,000 |
| Equity capital | 157,728,000 | 162,204,000 | 171,198,000 | 170,023,000 |
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 | 23,670,000 | 48,601,000 | 74,514,000 | 101,883,000 |
| Interest expense | 9,483,000 | 19,045,000 | 29,671,000 | 40,570,000 |
| Net interest income | 14,187,000 | 29,556,000 | 44,843,000 | 61,313,000 |
| Noninterest income | 3,114,000 | 6,481,000 | 9,922,000 | 13,096,000 |
| Noninterest expense | 10,589,000 | 21,705,000 | 32,639,000 | 43,862,000 |
| Provision for loan losses | 116,000 | 570,000 | 1,251,000 | 1,535,000 |
| Pretax income | 6,646,000 | 13,812,000 | 20,926,000 | 29,159,000 |
| Income tax | 1,570,000 | 3,317,000 | 5,037,000 | 7,057,000 |
| Net income | 5,076,000 | 10,495,000 | 15,889,000 | 22,102,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 179,539,000 | 182,978,000 | 186,390,000 | 190,610,000 |
| Total capital | 194,494,000 | 198,226,000 | 202,246,000 | 206,589,000 |
| Risk-weighted assets | 1,528,959,000 | 1,545,489,000 | 1,603,424,000 | 1,610,101,000 |