Call reports 2019
GRANDSOUTH BANK — 2019
What GRANDSOUTH BANK reported to the FFIEC in 2019, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Total assets | 828,640,000 | 863,719,000 | 887,182,000 | 911,487,000 |
| Total loans | 676,027,000 | 691,172,000 | 720,203,000 | 756,389,000 |
| Allowance for loan losses | 9,465,000 | 9,677,000 | 10,083,000 | 10,287,000 |
| Securities available for sale | 38,242,000 | 42,996,000 | 57,416,000 | 73,886,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 731,173,000 | 771,227,000 | 792,734,000 | 814,976,000 |
| Interest-bearing deposits | 617,582,000 | 653,656,000 | 665,394,000 | 674,225,000 |
| Noninterest-bearing deposits | 113,592,000 | 117,570,000 | 127,340,000 | 140,751,000 |
| Equity capital | 84,592,000 | 87,171,000 | 89,373,000 | 91,239,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Interest income | 12,858,000 | 26,043,000 | 39,787,000 | 53,483,000 |
| Interest expense | 2,679,000 | 5,738,000 | 8,927,000 | 11,948,000 |
| Net interest income | 10,179,000 | 20,305,000 | 30,860,000 | 41,535,000 |
| Noninterest income | 325,000 | 679,000 | 1,317,000 | 1,824,000 |
| Noninterest expense | 6,775,000 | 13,683,000 | 21,353,000 | 28,880,000 |
| Provision for loan losses | 700,000 | 1,338,000 | 2,148,000 | 2,768,000 |
| Pretax income | 3,029,000 | 5,976,000 | 8,689,000 | 11,724,000 |
| Income tax | 726,000 | 1,433,000 | 2,098,000 | 2,786,000 |
| Net income | 2,303,000 | 4,543,000 | 6,591,000 | 8,938,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Tier 1 capital | 83,915,000 | 86,155,000 | 88,203,000 | 90,318,000 |
| Total capital | 92,579,000 | 95,141,000 | 97,619,000 | 100,227,000 |
| Risk-weighted assets | 692,345,000 | 718,183,000 | 752,613,000 | 792,382,000 |