Call reports 2024
SOUTHERN FIRST BANK — 2024
What SOUTHERN FIRST 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 | 4,106,376,000 | 4,110,659,000 | 4,176,149,000 | 4,090,151,000 |
| Total loans | 3,655,685,000 | 3,637,652,000 | 3,628,725,000 | 3,637,267,000 |
| Allowance for loan losses | 40,441,000 | 40,157,000 | 40,166,000 | 39,914,000 |
| Securities available for sale | 125,995,000 | 121,353,000 | 134,597,000 | 132,127,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 3,478,524,000 | 3,477,688,000 | 3,534,974,000 | 3,451,454,000 |
| Interest-bearing deposits | 2,795,702,000 | 2,783,021,000 | 2,832,223,000 | 2,753,609,000 |
| Noninterest-bearing deposits | 682,822,000 | 694,667,000 | 702,751,000 | 697,845,000 |
| Equity capital | 341,664,000 | 345,079,000 | 347,748,000 | 351,403,000 |
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 | 48,402,000 | 99,014,000 | 150,227,000 | 201,445,000 |
| Interest expense | 29,166,000 | 59,632,000 | 89,657,000 | 117,853,000 |
| Net interest income | 19,236,000 | 39,382,000 | 60,570,000 | 83,592,000 |
| Noninterest income | 2,549,000 | 5,905,000 | 8,990,000 | 11,569,000 |
| Noninterest expense | 17,788,000 | 36,019,000 | 53,951,000 | 72,356,000 |
| Provision for loan losses | 0 | 750,000 | 750,000 | 500,000 |
| Pretax income | 3,997,000 | 8,518,000 | 14,859,000 | 22,305,000 |
| Income tax | 991,000 | 2,028,000 | 3,502,000 | 4,885,000 |
| Net income | 3,006,000 | 6,490,000 | 11,357,000 | 17,420,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 353,461,000 | 356,944,000 | 356,812,000 | 362,875,000 |
| Total capital | 393,470,000 | 396,713,000 | 396,451,000 | 402,629,000 |
| Risk-weighted assets | 3,200,286,000 | 3,181,118,000 | 3,170,558,000 | 3,180,145,000 |