Call reports 2020
SOUTHCREST BANK, NATIONAL ASSOCIATION — 2020
What SOUTHCREST BANK, NATIONAL ASSOCIATION 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 | 575,173,000 | 620,372,000 | 631,395,000 | 712,386,000 |
| Total loans | 335,984,000 | 338,482,000 | 326,243,000 | 326,603,000 |
| Allowance for loan losses | 3,179,000 | 3,979,000 | 3,700,000 | 3,700,000 |
| Securities available for sale | 175,465,000 | 209,614,000 | 213,788,000 | 256,477,000 |
| Securities held to maturity | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 469,141,000 | 508,264,000 | 517,347,000 | 596,074,000 |
| Interest-bearing deposits | 372,548,000 | 393,645,000 | 398,409,000 | 465,395,000 |
| Noninterest-bearing deposits | 96,593,000 | 114,619,000 | 118,938,000 | 130,679,000 |
| Equity capital | 57,750,000 | 63,999,000 | 65,870,000 | 68,482,000 |
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 | 5,344,000 | 10,920,000 | 16,394,000 | 21,814,000 |
| Interest expense | 707,000 | 1,400,000 | 2,037,000 | 2,647,000 |
| Net interest income | 4,637,000 | 9,520,000 | 14,357,000 | 19,167,000 |
| Noninterest income | 951,000 | 1,724,000 | 2,648,000 | 3,590,000 |
| Noninterest expense | 4,101,000 | 7,818,000 | 11,751,000 | 16,135,000 |
| Provision for loan losses | 150,000 | 600,000 | 600,000 | 600,000 |
| Pretax income | 1,369,000 | 3,374,000 | 6,436,000 | 7,804,000 |
| Income tax | 284,000 | 620,000 | 1,223,000 | 1,406,000 |
| Net income | 1,085,000 | 2,754,000 | 5,213,000 | 6,398,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 52,821,000 | 55,058,000 | 58,060,000 | 58,468,000 |