Call reports 2024
PREMIER BANK OF THE SOUTH — 2024
What PREMIER BANK OF THE SOUTH 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 | 347,478,000 | 353,579,000 | 361,855,000 | 367,511,000 |
| Total loans | 188,309,000 | 192,010,000 | 198,285,000 | 201,000,000 |
| Allowance for loan losses | 1,981,000 | 1,965,000 | 2,107,000 | 2,148,000 |
| Securities available for sale | 77,358,000 | 77,712,000 | 73,967,000 | 77,571,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 321,154,000 | 326,400,000 | 331,753,000 | 338,356,000 |
| Interest-bearing deposits | 225,932,000 | 231,743,000 | 236,889,000 | 247,597,000 |
| Noninterest-bearing deposits | 95,222,000 | 94,657,000 | 94,864,000 | 90,759,000 |
| Equity capital | 24,223,000 | 24,748,000 | 27,238,000 | 27,358,000 |
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 | 4,461,000 | 9,191,000 | 14,050,000 | 19,023,000 |
| Interest expense | 1,233,000 | 2,597,000 | 4,002,000 | 5,344,000 |
| Net interest income | 3,228,000 | 6,594,000 | 10,048,000 | 13,679,000 |
| Noninterest income | 632,000 | 1,375,000 | 2,070,000 | 2,842,000 |
| Noninterest expense | 2,789,000 | 5,596,000 | 8,521,000 | 11,621,000 |
| Provision for loan losses | 100,000 | 350,000 | 500,000 | 650,000 |
| Pretax income | 971,000 | 2,023,000 | 3,097,000 | 4,250,000 |
| Income tax | 71,000 | 149,000 | 225,000 | 292,000 |
| Net income | 900,000 | 1,874,000 | 2,872,000 | 3,958,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 31,231,000 | 31,403,000 | 31,852,000 | 33,104,000 |
| Total capital | 33,212,000 | 33,368,000 | 33,959,000 | 35,252,000 |
| Risk-weighted assets | 199,679,000 | 188,126,000 | 207,274,000 | 193,644,000 |