Call reports 2016
SOUTHPORT BANK — 2016
What SOUTHPORT BANK reported to the FFIEC in 2016, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Total assets | 270,587,000 | 277,913,000 | 272,718,000 | 274,886,000 |
| Total loans | 225,602,000 | 225,670,000 | 236,235,000 | 234,211,000 |
| Allowance for loan losses | 4,807,000 | 4,772,000 | 4,752,000 | 4,546,000 |
| Securities available for sale | 12,352,000 | 13,144,000 | 12,057,000 | 11,239,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 226,212,000 | 232,675,000 | 228,268,000 | 229,341,000 |
| Interest-bearing deposits | 188,936,000 | 194,031,000 | 188,159,000 | 182,663,000 |
| Noninterest-bearing deposits | 37,276,000 | 38,644,000 | 40,110,000 | 46,678,000 |
| Equity capital | 26,732,000 | 27,376,000 | 28,324,000 | 29,503,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Interest income | 2,671,000 | 5,427,000 | 8,228,000 | 11,073,000 |
| Interest expense | 319,000 | 661,000 | 1,000,000 | 1,331,000 |
| Net interest income | 2,352,000 | 4,766,000 | 7,228,000 | 9,742,000 |
| Noninterest income | 357,000 | 647,000 | 988,000 | 1,035,000 |
| Noninterest expense | 1,767,000 | 3,658,000 | 4,786,000 | 6,405,000 |
| Provision for loan losses | 0 | -150,000 | -150,000 | -500,000 |
| Pretax income | 942,000 | 1,936,000 | 3,611,000 | 4,912,000 |
| Income tax | 110,000 | 440,000 | 1,160,000 | 1,097,000 |
| Net income | 832,000 | 1,496,000 | 2,451,000 | 3,815,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Tier 1 capital | 23,965,000 | 25,028,000 | 26,283,000 | 27,867,000 |
| Total capital | 26,872,000 | 27,943,000 | 29,367,000 | 30,888,000 |
| Risk-weighted assets | 229,079,000 | 229,951,000 | 243,845,000 | 239,075,000 |