Call reports 2018
GRANDSOUTH BANK — 2018
What GRANDSOUTH BANK reported to the FFIEC in 2018, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Total assets | 703,322,000 | 728,018,000 | 739,447,000 | 775,831,000 |
| Total loans | 581,093,000 | 605,581,000 | 633,140,000 | 663,279,000 |
| Allowance for loan losses | 7,836,000 | 8,468,000 | 8,864,000 | 9,188,000 |
| Securities available for sale | 20,608,000 | 25,825,000 | 40,949,000 | 40,329,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 632,404,000 | 655,492,000 | 656,595,000 | 684,196,000 |
| Interest-bearing deposits | 535,771,000 | 548,642,000 | 552,705,000 | 569,967,000 |
| Noninterest-bearing deposits | 96,633,000 | 106,850,000 | 103,890,000 | 114,229,000 |
| Equity capital | 59,635,000 | 61,314,000 | 62,661,000 | 73,402,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Interest income | 10,415,000 | 21,172,000 | 32,629,000 | 44,832,000 |
| Interest expense | 1,633,000 | 3,612,000 | 5,846,000 | 8,278,000 |
| Net interest income | 8,782,000 | 17,560,000 | 26,783,000 | 36,554,000 |
| Noninterest income | 343,000 | 465,000 | 551,000 | 903,000 |
| Noninterest expense | 6,350,000 | 12,737,000 | 19,363,000 | 26,098,000 |
| Provision for loan losses | 804,000 | 991,000 | 1,818,000 | 2,632,000 |
| Pretax income | 1,971,000 | 4,297,000 | 6,153,000 | 8,727,000 |
| Income tax | 497,000 | 1,072,000 | 1,403,000 | 2,016,000 |
| Net income | 1,474,000 | 3,225,000 | 4,750,000 | 6,711,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Tier 1 capital | 59,380,000 | 61,131,000 | 62,656,000 | 73,112,000 |
| Total capital | 66,664,000 | 68,661,000 | 70,619,000 | 81,369,000 |
| Risk-weighted assets | 582,175,000 | 601,475,000 | 636,141,000 | 659,613,000 |