Call reports 2022
SOUTHERN INDEPENDENT BANK — 2022
What SOUTHERN INDEPENDENT BANK reported to the FFIEC in 2022, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Total assets | 323,488,000 | 332,780,000 | 328,461,000 | 329,971,000 |
| Total loans | 130,271,000 | 128,295,000 | 132,009,000 | 137,073,000 |
| Allowance for loan losses | 1,940,000 | 1,950,000 | 1,975,000 | 2,000,000 |
| Securities available for sale | 126,972,000 | 132,696,000 | 141,437,000 | 142,460,000 |
| Securities held to maturity | 5,320,000 | 5,319,000 | 5,744,000 | 5,993,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 279,565,000 | 300,686,000 | 300,235,000 | 299,437,000 |
| Interest-bearing deposits | 201,686,000 | 204,700,000 | 200,821,000 | 203,558,000 |
| Noninterest-bearing deposits | 77,879,000 | 95,986,000 | 99,414,000 | 95,879,000 |
| Equity capital | 29,013,000 | 25,036,000 | 21,124,000 | 23,706,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Interest income | 2,363,000 | 4,894,000 | 7,885,000 | 11,252,000 |
| Interest expense | 356,000 | 704,000 | 1,017,000 | 1,513,000 |
| Net interest income | 2,007,000 | 4,190,000 | 6,868,000 | 9,739,000 |
| Noninterest income | 298,000 | 831,000 | 1,214,000 | 1,502,000 |
| Noninterest expense | 1,388,000 | 3,025,000 | 4,531,000 | 6,620,000 |
| Provision for loan losses | 4,000 | 13,000 | 51,000 | 96,000 |
| Pretax income | 913,000 | 1,983,000 | 3,500,000 | 4,417,000 |
| Income tax | 197,000 | 431,000 | 810,000 | 924,000 |
| Net income | 716,000 | 1,552,000 | 2,690,000 | 3,493,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Tier 1 capital | 35,534,000 | 36,370,000 | 37,508,000 | 38,311,000 |
| Total capital | — | — | — | 40,311,000 |
| Risk-weighted assets | — | — | — | 222,768,000 |