Call reports 2020
GRANDSOUTH BANK — 2020
What GRANDSOUTH BANK reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 923,918,000 | 992,068,000 | 1,011,373,000 | 1,089,284,000 |
| Total loans | 771,431,000 | 796,778,000 | 839,561,000 | 878,546,000 |
| Allowance for loan losses | 10,957,000 | 11,369,000 | 11,988,000 | 12,572,000 |
| Securities available for sale | 71,136,000 | 102,601,000 | 102,881,000 | 110,706,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 803,850,000 | 868,095,000 | 886,864,000 | 959,017,000 |
| Interest-bearing deposits | 666,411,000 | 677,424,000 | 694,728,000 | 742,978,000 |
| Noninterest-bearing deposits | 137,439,000 | 190,671,000 | 192,136,000 | 216,039,000 |
| Equity capital | 94,400,000 | 96,392,000 | 98,889,000 | 108,716,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 13,621,000 | 25,353,000 | 37,114,000 | 50,323,000 |
| Interest expense | 2,767,000 | 4,800,000 | 6,351,000 | 7,581,000 |
| Net interest income | 10,854,000 | 20,553,000 | 30,763,000 | 42,742,000 |
| Noninterest income | 612,000 | 1,200,000 | 1,326,000 | 1,884,000 |
| Noninterest expense | 7,600,000 | 15,207,000 | 21,961,000 | 29,714,000 |
| Provision for loan losses | 1,083,000 | 1,739,000 | 2,537,000 | 3,073,000 |
| Pretax income | 2,783,000 | 5,199,000 | 7,983,000 | 12,231,000 |
| Income tax | 664,000 | 1,247,000 | 1,954,000 | 2,729,000 |
| Net income | 2,119,000 | 3,952,000 | 6,029,000 | 9,502,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 92,437,000 | 94,270,000 | 96,346,000 | 105,820,000 |
| Total capital | 102,654,000 | 104,245,000 | 106,924,000 | 117,117,000 |
| Risk-weighted assets | 816,520,000 | 796,565,000 | 844,863,000 | 902,491,000 |