Call reports 2021
GRANDSOUTH BANK — 2021
What GRANDSOUTH BANK reported to the FFIEC in 2021, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Total assets | 1,136,089,000 | 1,163,219,000 | 1,202,415,000 | 1,203,455,000 |
| Total loans | 889,494,000 | 909,016,000 | 937,093,000 | 933,477,000 |
| Allowance for loan losses | 12,959,000 | 13,325,000 | 13,730,000 | 13,723,000 |
| Securities available for sale | 117,655,000 | 131,576,000 | 127,252,000 | 111,962,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,001,491,000 | 1,025,136,000 | 1,060,249,000 | 1,066,712,000 |
| Interest-bearing deposits | 754,003,000 | 764,332,000 | 781,886,000 | 778,032,000 |
| Noninterest-bearing deposits | 247,488,000 | 260,804,000 | 278,363,000 | 288,680,000 |
| Equity capital | 111,100,000 | 116,278,000 | 120,048,000 | 125,268,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Interest income | 13,527,000 | 26,917,000 | 40,927,000 | 55,003,000 |
| Interest expense | 1,028,000 | 1,868,000 | 2,660,000 | 3,391,000 |
| Net interest income | 12,499,000 | 25,049,000 | 38,267,000 | 51,612,000 |
| Noninterest income | 488,000 | 1,256,000 | 1,921,000 | 4,591,000 |
| Noninterest expense | 7,565,000 | 14,946,000 | 22,850,000 | 31,040,000 |
| Provision for loan losses | 242,000 | 551,000 | 1,045,000 | 1,270,000 |
| Pretax income | 5,180,000 | 10,808,000 | 16,293,000 | 23,074,000 |
| Income tax | 1,234,000 | 2,541,000 | 3,844,000 | 5,549,000 |
| Net income | 3,946,000 | 8,267,000 | 12,449,000 | 17,525,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Tier 1 capital | 109,766,000 | 114,087,000 | 118,269,000 | 123,345,000 |
| Total capital | 121,261,000 | 125,960,000 | 130,552,000 | 135,951,000 |
| Risk-weighted assets | 918,176,000 | 948,384,000 | 981,225,000 | 1,007,390,000 |