Call reports 2024
COASTAL CAROLINA NATIONAL BANK — 2024
What COASTAL CAROLINA NATIONAL 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 | 968,750,000 | 1,066,651,000 | 1,099,072,000 | 1,089,131,000 |
| Total loans | 782,260,000 | 793,796,000 | 817,654,000 | 837,640,000 |
| Allowance for loan losses | 7,965,000 | 8,068,000 | 8,341,000 | 8,561,000 |
| Securities available for sale | 91,038,000 | 89,657,000 | 91,268,000 | 93,260,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 879,435,000 | 974,854,000 | 1,002,709,000 | 990,853,000 |
| Interest-bearing deposits | 721,885,000 | 811,893,000 | 827,081,000 | 816,914,000 |
| Noninterest-bearing deposits | 157,550,000 | 162,961,000 | 175,628,000 | 173,939,000 |
| Equity capital | 84,352,000 | 86,925,000 | 91,264,000 | 92,688,000 |
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 | 12,032,000 | 25,217,000 | 39,662,000 | 54,148,000 |
| Interest expense | 4,929,000 | 10,331,000 | 16,342,000 | 21,993,000 |
| Net interest income | 7,103,000 | 14,886,000 | 23,320,000 | 32,155,000 |
| Noninterest income | 507,000 | 1,065,000 | 1,721,000 | 2,588,000 |
| Noninterest expense | 5,174,000 | 10,671,000 | 16,355,000 | 22,228,000 |
| Provision for loan losses | 119,000 | 222,000 | 501,000 | 721,000 |
| Pretax income | 2,341,000 | 5,090,000 | 8,191,000 | 11,815,000 |
| Income tax | 467,000 | 1,028,000 | 1,667,000 | 2,402,000 |
| Net income | 1,874,000 | 4,062,000 | 6,524,000 | 9,413,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 87,641,000 | 89,976,000 | 92,568,000 | 95,565,000 |
| Total capital | 95,542,000 | 97,973,000 | 100,863,000 | 104,065,000 |
| Risk-weighted assets | 761,615,000 | 771,122,000 | 792,303,000 | 807,278,000 |