Call reports 2023
SOUTHERN INDEPENDENT BANK — 2023
What SOUTHERN INDEPENDENT BANK 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 | 335,532,000 | 337,830,000 | 336,145,000 | 354,273,000 |
| Total loans | 144,435,000 | 145,960,000 | 147,188,000 | 148,103,000 |
| Allowance for loan losses | 1,647,000 | 1,677,000 | 1,741,000 | 1,786,000 |
| Securities available for sale | 140,371,000 | 137,925,000 | 132,214,000 | 139,409,000 |
| Securities held to maturity | 5,991,000 | 5,990,000 | 5,918,000 | 5,916,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 293,849,000 | 291,730,000 | 292,693,000 | 305,644,000 |
| Interest-bearing deposits | 206,567,000 | 207,531,000 | 212,098,000 | 224,165,000 |
| Noninterest-bearing deposits | 87,282,000 | 84,199,000 | 80,595,000 | 81,479,000 |
| Equity capital | 29,744,000 | 30,229,000 | 30,874,000 | 34,995,000 |
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 | 3,487,000 | 7,182,000 | 11,096,000 | 15,276,000 |
| Interest expense | 697,000 | 1,832,000 | 3,255,000 | 4,919,000 |
| Net interest income | 2,790,000 | 5,350,000 | 7,841,000 | 10,357,000 |
| Noninterest income | 304,000 | 657,000 | 4,734,000 | 5,478,000 |
| Noninterest expense | 1,484,000 | 3,200,000 | 5,305,000 | 8,139,000 |
| Provision for loan losses | 44,000 | 78,000 | 134,000 | 185,000 |
| Pretax income | 1,279,000 | 2,423,000 | 6,529,000 | 6,904,000 |
| Income tax | 314,000 | 575,000 | 1,525,000 | 1,652,000 |
| Net income | 965,000 | 1,848,000 | 5,004,000 | 5,252,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 43,276,000 | 44,818,000 | 47,975,000 | 48,223,000 |
| Total capital | — | — | — | 50,410,000 |
| Risk-weighted assets | — | — | — | 233,361,000 |