Call reports 2023
SOUTH GEORGIA BANKING COMPANY — 2023
What SOUTH GEORGIA BANKING COMPANY 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 | 611,781,000 | 598,802,000 | 583,995,000 | 599,253,000 |
| Total loans | 335,550,000 | 339,413,000 | 329,005,000 | 332,914,000 |
| Allowance for loan losses | 4,456,000 | 4,539,000 | 4,610,000 | 4,744,000 |
| Securities available for sale | 116,893,000 | 110,958,000 | 107,259,000 | 111,232,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 546,608,000 | 531,437,000 | 515,170,000 | 532,250,000 |
| Interest-bearing deposits | 343,463,000 | 334,755,000 | 327,212,000 | 316,812,000 |
| Noninterest-bearing deposits | 203,145,000 | 196,682,000 | 187,958,000 | 215,438,000 |
| Equity capital | 63,045,000 | 64,916,000 | 65,535,000 | 64,934,000 |
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 | 6,481,000 | 13,278,000 | 20,110,000 | 27,380,000 |
| Interest expense | 316,000 | 724,000 | 1,255,000 | 1,824,000 |
| Net interest income | 6,165,000 | 12,554,000 | 18,855,000 | 25,556,000 |
| Noninterest income | 1,224,000 | 2,212,000 | 6,231,000 | 7,701,000 |
| Noninterest expense | 4,115,000 | 8,327,000 | 12,590,000 | 17,707,000 |
| Provision for loan losses | 0 | 75,000 | 150,000 | 300,000 |
| Pretax income | 3,274,000 | 6,364,000 | 12,346,000 | 15,250,000 |
| Income tax | 726,000 | 1,413,000 | 2,833,000 | 3,230,000 |
| Net income | 2,548,000 | 4,951,000 | 9,513,000 | 12,020,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 65,129,000 | 68,250,000 | 71,312,000 | 67,399,000 |
| Total capital | 69,800,000 | 73,004,000 | 76,109,000 | 72,358,000 |
| Risk-weighted assets | 405,292,000 | 404,323,000 | 383,709,000 | 398,677,000 |