Call reports 2016
GRANDSOUTH BANK — 2016
What GRANDSOUTH BANK reported to the FFIEC in 2016, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Total assets | 435,699,000 | 458,738,000 | 481,594,000 | 515,061,000 |
| Total loans | 355,420,000 | 362,129,000 | 384,774,000 | 418,793,000 |
| Allowance for loan losses | 4,319,000 | 4,346,000 | 4,412,000 | 5,158,000 |
| Securities available for sale | 17,670,000 | 29,072,000 | 28,471,000 | 25,543,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 375,153,000 | 376,814,000 | 405,528,000 | 432,121,000 |
| Interest-bearing deposits | 322,231,000 | 321,493,000 | 336,366,000 | 360,449,000 |
| Noninterest-bearing deposits | 52,922,000 | 55,321,000 | 69,162,000 | 71,672,000 |
| Equity capital | 57,750,000 | 59,004,000 | 58,983,000 | 58,027,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Interest income | 7,434,000 | 14,490,000 | 21,794,000 | 29,938,000 |
| Interest expense | 542,000 | 1,045,000 | 1,622,000 | 2,309,000 |
| Net interest income | 6,892,000 | 13,445,000 | 20,172,000 | 27,629,000 |
| Noninterest income | 158,000 | 624,000 | 936,000 | 1,213,000 |
| Noninterest expense | 4,011,000 | 8,623,000 | 14,578,000 | 20,331,000 |
| Provision for loan losses | 630,000 | 1,125,000 | 1,915,000 | 3,269,000 |
| Pretax income | 2,409,000 | 4,327,000 | 4,621,000 | 5,362,000 |
| Income tax | 856,000 | 1,560,000 | 1,686,000 | 1,978,000 |
| Net income | 1,553,000 | 2,767,000 | 2,935,000 | 3,384,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Tier 1 capital | 56,725,000 | 57,940,000 | 57,982,000 | 57,485,000 |
| Total capital | 61,044,000 | 62,286,000 | 62,394,000 | 62,643,000 |
| Risk-weighted assets | 351,125,000 | 362,009,000 | 387,671,000 | 418,126,000 |