Call reports 2022
GRANDSOUTH BANK — 2022
What GRANDSOUTH BANK reported to the FFIEC in 2022, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Total assets | 1,252,931,000 | 1,253,693,000 | 1,253,592,000 | 1,196,164,000 |
| Total loans | 936,190,000 | 952,813,000 | 995,061,000 | 1,020,074,000 |
| Allowance for loan losses | 13,949,000 | 14,100,000 | 14,579,000 | 14,766,000 |
| Securities available for sale | 123,167,000 | 116,137,000 | 108,261,000 | 107,397,000 |
| Securities held to maturity | 0 | 5,990,000 | 5,991,000 | 5,992,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,116,171,000 | 1,117,615,000 | 1,116,233,000 | 1,054,000,000 |
| Interest-bearing deposits | 824,474,000 | 809,614,000 | 790,814,000 | 727,349,000 |
| Noninterest-bearing deposits | 291,697,000 | 308,001,000 | 325,419,000 | 326,651,000 |
| Equity capital | 124,812,000 | 125,281,000 | 126,364,000 | 132,218,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Interest income | 14,170,000 | 28,768,000 | 45,312,000 | 63,205,000 |
| Interest expense | 692,000 | 1,455,000 | 2,821,000 | 5,114,000 |
| Net interest income | 13,478,000 | 27,313,000 | 42,491,000 | 58,091,000 |
| Noninterest income | 625,000 | 1,263,000 | 1,966,000 | 2,554,000 |
| Noninterest expense | 7,966,000 | 16,973,000 | 25,433,000 | 34,418,000 |
| Provision for loan losses | 308,000 | 427,000 | 1,487,000 | 2,162,000 |
| Pretax income | 5,829,000 | 11,176,000 | 17,510,000 | 24,038,000 |
| Income tax | 1,365,000 | 2,648,000 | 4,172,000 | 5,719,000 |
| Net income | 4,464,000 | 8,528,000 | 13,338,000 | 18,319,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Tier 1 capital | 127,809,000 | 131,873,000 | 136,683,000 | 141,664,000 |
| Total capital | 140,516,000 | 144,817,000 | 150,233,000 | 155,536,000 |
| Risk-weighted assets | 1,015,326,000 | 1,034,368,000 | 1,082,938,000 | 1,108,833,000 |