Call reports 2024
SOUTH CENTRAL STATE BANK — 2024
What SOUTH CENTRAL STATE 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 | 188,557,000 | 201,215,000 | 202,795,000 | 206,921,000 |
| Total loans | 122,308,000 | 134,320,000 | 134,190,000 | 137,519,000 |
| Allowance for loan losses | 1,148,000 | 1,148,000 | 1,148,000 | 1,248,000 |
| Securities available for sale | 55,480,000 | 54,082,000 | 54,052,000 | 52,561,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 163,073,000 | 150,013,000 | 143,711,000 | 145,766,000 |
| Interest-bearing deposits | 128,886,000 | 118,510,000 | 113,098,000 | 114,045,000 |
| Noninterest-bearing deposits | 34,187,000 | 31,503,000 | 30,613,000 | 31,721,000 |
| Equity capital | 23,886,000 | 24,586,000 | 25,620,000 | 25,165,000 |
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 | 2,642,000 | 5,448,000 | 8,450,000 | 11,327,000 |
| Interest expense | 795,000 | 1,735,000 | 2,897,000 | 3,928,000 |
| Net interest income | 1,847,000 | 3,713,000 | 5,553,000 | 7,399,000 |
| Noninterest income | 92,000 | 191,000 | 274,000 | 424,000 |
| Noninterest expense | 820,000 | 1,659,000 | 2,536,000 | 3,420,000 |
| Provision for loan losses | 0 | 0 | 0 | 100,000 |
| Pretax income | 1,135,000 | 2,281,000 | 3,350,000 | 4,377,000 |
| Income tax | 172,000 | 343,000 | 457,000 | 539,000 |
| Net income | 963,000 | 1,938,000 | 2,893,000 | 3,838,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 24,098,000 | 24,674,000 | 25,627,000 | 25,071,000 |
| Total capital | 25,246,000 | 25,822,000 | 26,775,000 | 26,319,000 |
| Risk-weighted assets | 172,552,000 | 185,044,000 | 187,301,000 | 194,779,000 |