Call reports 2023
SOUTH GEORGIA BANK — 2023
What SOUTH GEORGIA BANK reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Total assets | 219,870,000 | 214,289,000 | 210,768,000 | 222,978,000 |
| Total loans | 119,803,000 | 121,057,000 | 120,392,000 | 121,497,000 |
| Allowance for loan losses | 2,686,000 | 2,714,000 | 2,744,000 | 2,774,000 |
| Securities available for sale | 51,613,000 | 50,615,000 | 48,370,000 | 50,822,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 198,850,000 | 193,573,000 | 190,733,000 | 199,953,000 |
| Interest-bearing deposits | 142,802,000 | 134,783,000 | 133,487,000 | 135,988,000 |
| Noninterest-bearing deposits | 56,048,000 | 58,790,000 | 57,246,000 | 63,965,000 |
| Equity capital | 17,293,000 | 16,953,000 | 15,397,000 | 18,498,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Interest income | 2,778,000 | 5,614,000 | 8,487,000 | 11,477,000 |
| Interest expense | 269,000 | 664,000 | 1,205,000 | 1,861,000 |
| Net interest income | 2,509,000 | 4,950,000 | 7,282,000 | 9,616,000 |
| Noninterest income | 302,000 | 632,000 | 960,000 | 1,311,000 |
| Noninterest expense | 1,641,000 | 3,262,000 | 4,759,000 | 6,282,000 |
| Provision for loan losses | 30,000 | 60,000 | 90,000 | 120,000 |
| Pretax income | 1,140,000 | 2,260,000 | 3,393,000 | 4,525,000 |
| Income tax | 74,000 | 124,000 | 174,000 | 246,000 |
| Net income | 1,066,000 | 2,136,000 | 3,219,000 | 4,279,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 23,987,000 | 24,307,000 | 24,640,000 | 24,949,000 |
| Total capital | 25,532,000 | 25,939,000 | 26,255,000 | 26,574,000 |
| Risk-weighted assets | 122,478,000 | 129,356,000 | 127,978,000 | 128,795,000 |