Call reports 2024
FIRST FEDERAL SAVINGS & LOAN ASSOCIATION OF VALDOSTA — 2024
What FIRST FEDERAL SAVINGS & LOAN ASSOCIATION OF VALDOSTA 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 | 223,581,000 | 234,203,000 | 237,943,000 | 249,081,000 |
| Total loans | 196,045,000 | 203,154,000 | 207,910,000 | 210,311,000 |
| Allowance for loan losses | 842,000 | 864,000 | 912,000 | 939,000 |
| Securities available for sale | 2,199,000 | 2,193,000 | 2,251,000 | 2,216,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 166,516,000 | 175,166,000 | 178,394,000 | 189,202,000 |
| Interest-bearing deposits | 145,828,000 | 157,262,000 | 160,192,000 | 166,948,000 |
| Noninterest-bearing deposits | 20,688,000 | 17,904,000 | 18,202,000 | 22,254,000 |
| Equity capital | 30,876,000 | 31,303,000 | 31,770,000 | 31,466,000 |
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 | 3,137,000 | 6,502,000 | 10,025,000 | 13,671,000 |
| Interest expense | 849,000 | 1,856,000 | 3,035,000 | 4,270,000 |
| Net interest income | 2,288,000 | 4,646,000 | 6,990,000 | 9,401,000 |
| Noninterest income | 201,000 | 399,000 | 572,000 | 773,000 |
| Noninterest expense | 1,959,000 | 3,919,000 | 5,863,000 | 8,830,000 |
| Provision for loan losses | 30,000 | 60,000 | 90,000 | 120,000 |
| Pretax income | 500,000 | 1,066,000 | 1,609,000 | 1,224,000 |
| Income tax | 117,000 | 262,000 | 387,000 | 284,000 |
| Net income | 383,000 | 804,000 | 1,222,000 | 940,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 30,595,000 | 31,045,000 | 31,470,000 | 31,018,000 |