Call reports 2020
SOUTH GEORGIA BANKING COMPANY — 2020
What SOUTH GEORGIA BANKING COMPANY reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 454,938,000 | 496,508,000 | 497,889,000 | 540,189,000 |
| Total loans | 246,095,000 | 274,360,000 | 282,875,000 | 277,277,000 |
| Allowance for loan losses | 3,592,000 | 3,679,000 | 3,766,000 | 4,000,000 |
| Securities available for sale | 78,634,000 | 75,666,000 | 78,440,000 | 80,869,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 387,393,000 | 426,744,000 | 428,129,000 | 471,420,000 |
| Interest-bearing deposits | 275,475,000 | 285,662,000 | 289,673,000 | 312,008,000 |
| Noninterest-bearing deposits | 111,918,000 | 141,082,000 | 138,456,000 | 159,412,000 |
| Equity capital | 66,177,000 | 67,379,000 | 67,674,000 | 67,709,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 4,346,000 | 8,581,000 | 13,083,000 | 17,291,000 |
| Interest expense | 467,000 | 867,000 | 1,227,000 | 1,513,000 |
| Net interest income | 3,879,000 | 7,714,000 | 11,856,000 | 15,778,000 |
| Noninterest income | 865,000 | 1,618,000 | 2,437,000 | 3,535,000 |
| Noninterest expense | 3,289,000 | 6,575,000 | 9,936,000 | 13,567,000 |
| Provision for loan losses | 0 | 75,000 | 225,000 | 450,000 |
| Pretax income | 1,455,000 | 2,682,000 | 4,132,000 | 5,296,000 |
| Income tax | 277,000 | 496,000 | 766,000 | 988,000 |
| Net income | 1,178,000 | 2,186,000 | 3,366,000 | 4,308,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 55,036,000 | 55,794,000 | 56,089,000 | 56,146,000 |
| Total capital | 58,628,000 | 59,473,000 | 59,855,000 | 60,146,000 |
| Risk-weighted assets | 288,016,000 | 305,624,000 | 317,111,000 | 330,563,000 |