Call reports 2017
GRANDSOUTH BANK — 2017
What GRANDSOUTH BANK reported to the FFIEC in 2017, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Total assets | 559,038,000 | 603,226,000 | 624,190,000 | 653,449,000 |
| Total loans | 450,992,000 | 473,266,000 | 507,733,000 | 551,395,000 |
| Allowance for loan losses | 6,093,000 | 6,396,000 | 6,843,000 | 7,414,000 |
| Securities available for sale | 23,296,000 | 23,975,000 | 22,880,000 | 21,440,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 476,360,000 | 520,482,000 | 555,724,000 | 572,282,000 |
| Interest-bearing deposits | 384,086,000 | 441,878,000 | 469,794,000 | 480,310,000 |
| Noninterest-bearing deposits | 92,274,000 | 78,604,000 | 85,930,000 | 91,972,000 |
| Equity capital | 57,687,000 | 57,637,000 | 58,167,000 | 58,408,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Interest income | 8,942,000 | 17,774,000 | 27,290,000 | 37,143,000 |
| Interest expense | 819,000 | 1,900,000 | 3,234,000 | 4,675,000 |
| Net interest income | 8,123,000 | 15,874,000 | 24,056,000 | 32,468,000 |
| Noninterest income | 244,000 | 527,000 | 631,000 | 673,000 |
| Noninterest expense | 5,396,000 | 11,500,000 | 17,601,000 | 23,983,000 |
| Provision for loan losses | 2,720,000 | 3,806,000 | 5,154,000 | 6,089,000 |
| Pretax income | 258,000 | 1,105,000 | 1,942,000 | 3,079,000 |
| Income tax | 114,000 | 451,000 | 784,000 | 2,090,000 |
| Net income | 144,000 | 654,000 | 1,158,000 | 989,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Tier 1 capital | 57,129,000 | 57,039,000 | 57,543,000 | 57,907,000 |
| Total capital | 62,679,000 | 62,864,000 | 63,787,000 | 64,847,000 |
| Risk-weighted assets | 443,485,000 | 465,579,000 | 498,886,000 | 554,754,000 |