Call reports 2021
SOUTHERN INDEPENDENT BANK — 2021
What SOUTHERN INDEPENDENT BANK reported to the FFIEC in 2021, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Total assets | 301,394,000 | 303,748,000 | 304,535,000 | 322,528,000 |
| Total loans | 138,523,000 | 131,339,000 | 129,717,000 | 131,888,000 |
| Allowance for loan losses | 1,775,000 | 1,900,000 | 1,927,000 | 1,935,000 |
| Securities available for sale | 99,945,000 | 111,367,000 | 124,469,000 | 125,250,000 |
| Securities held to maturity | 2,515,000 | 2,841,000 | 4,821,000 | 4,821,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 249,176,000 | 253,347,000 | 256,092,000 | 274,251,000 |
| Interest-bearing deposits | 179,671,000 | 181,791,000 | 184,737,000 | 198,286,000 |
| Noninterest-bearing deposits | 69,505,000 | 71,556,000 | 71,355,000 | 75,965,000 |
| Equity capital | 30,760,000 | 32,926,000 | 33,523,000 | 33,095,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Interest income | 2,394,000 | 4,923,000 | 7,767,000 | 10,281,000 |
| Interest expense | 455,000 | 887,000 | 1,275,000 | 1,647,000 |
| Net interest income | 1,939,000 | 4,036,000 | 6,492,000 | 8,634,000 |
| Noninterest income | 266,000 | 2,399,000 | 2,711,000 | 3,019,000 |
| Noninterest expense | 1,188,000 | 2,545,000 | 3,890,000 | 5,888,000 |
| Provision for loan losses | 44,000 | 197,000 | 206,000 | 212,000 |
| Pretax income | 1,048,000 | 3,827,000 | 5,271,000 | 5,732,000 |
| Income tax | 364,000 | 1,120,000 | 1,306,000 | 1,309,000 |
| Net income | 684,000 | 2,707,000 | 3,965,000 | 4,423,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Tier 1 capital | 30,454,000 | 32,476,000 | 33,734,000 | 34,193,000 |
| Total capital | — | — | — | 36,128,000 |
| Risk-weighted assets | — | — | — | 194,626,000 |