Call reports 2016
SOUTHCREST BANK, NATIONAL ASSOCIATION — 2016
What SOUTHCREST BANK, NATIONAL ASSOCIATION reported to the FFIEC in 2016, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Total assets | 552,250,000 | 546,870,000 | 541,467,000 | 558,389,000 |
| Total loans | 282,525,000 | 281,252,000 | 277,765,000 | 293,484,000 |
| Allowance for loan losses | 3,016,000 | 2,812,000 | 2,696,000 | 2,761,000 |
| Securities available for sale | 183,771,000 | 153,904,000 | 175,342,000 | 167,100,000 |
| Securities held to maturity | 5,862,000 | 5,000,000 | 5,000,000 | 7,000,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 498,983,000 | 483,604,000 | 477,388,000 | 497,493,000 |
| Interest-bearing deposits | 379,166,000 | 370,283,000 | 365,909,000 | 371,788,000 |
| Noninterest-bearing deposits | 119,817,000 | 113,321,000 | 111,479,000 | 125,705,000 |
| Equity capital | 50,702,000 | 60,520,000 | 60,818,000 | 58,885,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Interest income | 4,801,000 | 9,507,000 | 14,076,000 | 18,793,000 |
| Interest expense | 299,000 | 566,000 | 811,000 | 1,059,000 |
| Net interest income | 4,502,000 | 8,941,000 | 13,265,000 | 17,734,000 |
| Noninterest income | 1,422,000 | 2,870,000 | 4,168,000 | 5,010,000 |
| Noninterest expense | 5,223,000 | 9,818,000 | 14,643,000 | 19,279,000 |
| Provision for loan losses | 50,000 | 50,000 | 50,000 | 144,000 |
| Pretax income | 907,000 | 1,796,000 | 2,810,000 | 3,391,000 |
| Income tax | 0 | -7,741,000 | -7,450,000 | -7,534,000 |
| Net income | 907,000 | 9,537,000 | 10,260,000 | 10,925,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Tier 1 capital | 46,216,000 | 48,345,000 | 49,351,000 | 50,021,000 |
| Total capital | 49,232,000 | 51,157,000 | 52,047,000 | 52,782,000 |
| Risk-weighted assets | 351,667,000 | 366,055,000 | 346,084,000 | 368,782,000 |