Call reports 2024
FIRST RELIANCE BANK — 2024
What FIRST RELIANCE 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 | 1,025,775,000 | 1,056,202,000 | 1,069,563,000 | 1,065,501,000 |
| Total loans | 743,467,000 | 765,175,000 | 759,109,000 | 774,664,000 |
| Allowance for loan losses | 8,500,000 | 8,499,000 | 8,319,000 | 8,435,000 |
| Securities available for sale | 171,075,000 | 173,298,000 | 177,641,000 | 175,846,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 884,290,000 | 904,314,000 | 957,256,000 | 956,184,000 |
| Interest-bearing deposits | 669,226,000 | 679,468,000 | 732,669,000 | 723,940,000 |
| Noninterest-bearing deposits | 215,064,000 | 224,846,000 | 224,587,000 | 232,244,000 |
| Equity capital | 91,673,000 | 93,667,000 | 98,891,000 | 96,853,000 |
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 | 12,342,000 | 25,375,000 | 38,892,000 | 52,465,000 |
| Interest expense | 4,769,000 | 9,776,000 | 14,836,000 | 19,635,000 |
| Net interest income | 7,573,000 | 15,599,000 | 24,056,000 | 32,830,000 |
| Noninterest income | 2,579,000 | 5,265,000 | 7,381,000 | 9,042,000 |
| Noninterest expense | 7,772,000 | 15,615,000 | 23,322,000 | 31,734,000 |
| Provision for loan losses | 218,000 | 305,000 | 177,000 | 299,000 |
| Pretax income | 2,171,000 | 4,988,000 | 7,773,000 | 9,511,000 |
| Income tax | 505,000 | 1,076,000 | 1,759,000 | 2,147,000 |
| Net income | 1,666,000 | 3,912,000 | 6,014,000 | 7,364,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 101,409,000 | 102,694,000 | 103,792,000 | 105,158,000 |
| Total capital | 110,307,000 | 111,557,000 | 112,521,000 | 114,021,000 |
| Risk-weighted assets | 819,672,000 | 836,458,000 | 829,796,000 | 846,420,000 |