Call reports 2024
STATE BANK OF SOUTHERN UTAH — 2024
What STATE BANK OF SOUTHERN UTAH 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 | 2,425,785,000 | 2,507,158,000 | 2,554,338,000 | 2,509,909,000 |
| Total loans | 1,476,459,000 | 1,593,332,000 | 1,652,740,000 | 1,715,902,000 |
| Allowance for loan losses | 18,487,000 | 20,134,000 | 20,129,000 | 20,256,000 |
| Securities available for sale | 737,644,000 | 708,158,000 | 695,781,000 | 628,146,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 2,001,768,000 | 2,030,505,000 | 2,098,360,000 | 2,111,520,000 |
| Interest-bearing deposits | 1,459,961,000 | 1,503,648,000 | 1,551,997,000 | 1,602,450,000 |
| Noninterest-bearing deposits | 541,807,000 | 526,857,000 | 546,363,000 | 509,070,000 |
| Equity capital | 211,258,000 | 219,412,000 | 237,859,000 | 240,646,000 |
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 | 27,420,000 | 57,484,000 | 89,407,000 | 123,156,000 |
| Interest expense | 12,303,000 | 25,471,000 | 39,368,000 | 53,172,000 |
| Net interest income | 15,117,000 | 32,013,000 | 50,039,000 | 69,984,000 |
| Noninterest income | 3,123,000 | 6,463,000 | 10,054,000 | 14,448,000 |
| Noninterest expense | 11,452,000 | 23,291,000 | 36,758,000 | 49,891,000 |
| Provision for loan losses | 0 | 1,800,000 | 1,800,000 | 2,069,000 |
| Pretax income | 6,788,000 | 13,185,000 | 21,335,000 | 32,431,000 |
| Income tax | 1,610,000 | 3,080,000 | 4,950,000 | 7,387,000 |
| Net income | 5,178,000 | 10,105,000 | 16,385,000 | 25,044,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 254,668,000 | 259,803,000 | 264,043,000 | 273,040,000 |