Call reports 2024
SOUTHERN INDEPENDENT BANK — 2024
What SOUTHERN INDEPENDENT BANK reported to the FFIEC in 2024, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Total assets | 359,190,000 | 359,153,000 | 367,565,000 | 377,356,000 |
| Total loans | 145,580,000 | 146,738,000 | 154,251,000 | 161,910,000 |
| Allowance for loan losses | 1,796,000 | 1,750,000 | 1,759,000 | 1,815,000 |
| Securities available for sale | 140,168,000 | 142,125,000 | 147,740,000 | 145,868,000 |
| Securities held to maturity | 5,915,000 | 5,768,000 | 5,697,000 | 5,696,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 310,991,000 | 310,130,000 | 314,249,000 | 325,695,000 |
| Interest-bearing deposits | 232,269,000 | 233,582,000 | 236,114,000 | 244,445,000 |
| Noninterest-bearing deposits | 78,722,000 | 76,548,000 | 78,135,000 | 81,250,000 |
| Equity capital | 35,383,000 | 36,004,000 | 40,291,000 | 38,154,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Interest income | 4,327,000 | 8,736,000 | 13,376,000 | 18,055,000 |
| Interest expense | 1,922,000 | 3,992,000 | 6,121,000 | 8,208,000 |
| Net interest income | 2,405,000 | 4,744,000 | 7,255,000 | 9,847,000 |
| Noninterest income | 332,000 | 627,000 | 944,000 | 1,547,000 |
| Noninterest expense | 1,634,000 | 3,415,000 | 5,065,000 | 7,357,000 |
| Provision for loan losses | 12,000 | -31,000 | 28,000 | 87,000 |
| Pretax income | 1,037,000 | 1,837,000 | 2,976,000 | 3,820,000 |
| Income tax | 251,000 | 437,000 | 707,000 | 740,000 |
| Net income | 786,000 | 1,400,000 | 2,269,000 | 3,080,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 49,009,000 | 49,623,000 | 50,492,000 | 51,303,000 |
| Total capital | — | — | — | 53,673,000 |
| Risk-weighted assets | — | — | — | 242,729,000 |