Call reports 2020
SOUTHERN INDEPENDENT BANK — 2020
What SOUTHERN INDEPENDENT BANK 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 | 256,240,000 | 287,766,000 | 289,785,000 | 299,162,000 |
| Total loans | 132,673,000 | 147,837,000 | 149,259,000 | 141,187,000 |
| Allowance for loan losses | 1,800,000 | 1,875,000 | 1,925,000 | 1,730,000 |
| Securities available for sale | 82,154,000 | 86,462,000 | 86,983,000 | 92,421,000 |
| Securities held to maturity | 2,960,000 | 2,960,000 | 2,715,000 | 2,715,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 208,337,000 | 232,875,000 | 235,545,000 | 245,500,000 |
| Interest-bearing deposits | 161,921,000 | 175,115,000 | 178,741,000 | 179,384,000 |
| Noninterest-bearing deposits | 46,416,000 | 57,760,000 | 56,804,000 | 66,116,000 |
| Equity capital | 28,358,000 | 30,317,000 | 31,321,000 | 32,147,000 |
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 | 2,474,000 | 4,891,000 | 7,396,000 | 10,073,000 |
| Interest expense | 682,000 | 1,313,000 | 1,900,000 | 2,413,000 |
| Net interest income | 1,792,000 | 3,578,000 | 5,496,000 | 7,660,000 |
| Noninterest income | 242,000 | 479,000 | 746,000 | 1,191,000 |
| Noninterest expense | 1,238,000 | 2,510,000 | 3,618,000 | 5,199,000 |
| Provision for loan losses | 90,000 | 165,000 | 228,000 | 278,000 |
| Pretax income | 753,000 | 1,448,000 | 2,509,000 | 3,532,000 |
| Income tax | 190,000 | 368,000 | 598,000 | 697,000 |
| Net income | 563,000 | 1,080,000 | 1,911,000 | 2,835,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 28,397,000 | 28,914,000 | 29,745,000 | 30,669,000 |
| Total capital | 30,197,000 | — | — | 32,399,000 |
| Risk-weighted assets | 153,674,000 | — | — | 171,835,000 |