Southeastern Banking Corporation (SEBC)

Southeastern Banking Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	24.36	19.38	15.34	15.06	14.72
Interest Income on Investments	6	7.94	6.39	2.88	3.01
Total Interest Income	30.36	27.32	21.74	17.94	17.73
Interest Paid on Deposits	3.47	1.59	0.42	0.39	0.64
Interest Paid on Borrowings	0.15	-	0	0	0.01
Total Interest Expense	3.62	1.59	0.42	0.39	0.66
Net Interest Income	26.74	25.72	21.32	17.55	17.07
Net Interest Income Growth (YoY)	3.96%	20.65%	21.50%	2.81%	1.70%
Gain (Loss) on Sale of Assets	0.01	1.26	0.41	0.43	0.11
Gain (Loss) on Sale of Investments	-0.16	-1.02	-	-	0.03
Other Non-Interest Income	2.61	2.62	2.79	2.9	2.57
Total Non-Interest Income	3.3	3.79	4.24	4.28	3.64
Non-Interest Income Growth (YoY)	-13.02%	-10.54%	-1.03%	17.66%	-0.77%
Revenues Before Loan Losses	30.04	29.52	25.56	21.83	20.71
Provision for Loan Losses	0.34	-	-	-0.85	1.18
Revenue	29.7	29.52	25.56	22.68	19.53
Revenue Growth (YoY)	0.62%	15.48%	12.69%	16.11%	-6.21%
Salaries and Employee Benefits	10.12	9.65	8.53	7.88	7.57
Occupancy Expenses	3.32	3.5	2.68	2.73	2.56
Selling, General & Administrative	-	-	-	0	0.02
Other Non-Interest Expense	2.74	2.92	2.82	2.52	2.18
Total Non-Interest Expense	16.18	16.07	14.03	13.23	12.41
EBT Excluding Unusual Items	13.53	13.44	11.53	9.45	7.12
Pretax Income	13.53	13.44	11.53	9.45	7.12
Income Tax Expense	2.89	2.86	2.47	1.95	1.41
Net Income	10.64	10.59	9.06	7.5	5.71
Net Income to Common	10.64	10.59	9.06	7.5	5.71
Net Income Growth	0.44%	16.81%	20.83%	31.32%	-14.15%
Basic Shares Outstanding	3	3	3	3	3
Diluted Shares Outstanding	3	3	3	3	3
Shares Change (YoY)	0.15%	0.01%	-	-	0.22%
EPS (Basic)	3.37	3.36	2.88	2.38	1.81
EPS (Diluted)	3.37	3.36	2.88	2.38	1.81
EPS Growth	0.30%	16.80%	20.83%	31.32%	-14.34%
Dividend Per Share	0.770	0.700	0.640	0.630	0.600
Dividend Growth	10.00%	9.38%	1.59%	5.00%	15.38%
Effective Tax Rate	21.37%	21.24%	21.40%	20.64%	19.80%

Updated Feb 20, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.