Call reports 2021
SOUTHCREST BANK, NATIONAL ASSOCIATION — 2021
What SOUTHCREST BANK, NATIONAL ASSOCIATION reported to the FFIEC in 2021, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2021Q1 | 2021Q2 |
|---|---|---|
| Total assets | 704,724,000 | 715,960,000 |
| Total loans | 314,118,000 | 305,936,000 |
| Allowance for loan losses | 3,708,000 | 3,696,000 |
| Securities available for sale | 289,112,000 | 317,766,000 |
| Securities held to maturity | 5,000,000 | 3,500,000 |
| Trading assets | 0 | 0 |
| Total deposits | 607,700,000 | 617,587,000 |
| Interest-bearing deposits | 475,863,000 | 482,688,000 |
| Noninterest-bearing deposits | 131,837,000 | 134,899,000 |
| Equity capital | 62,140,000 | 65,412,000 |
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 |
|---|---|---|
| Interest income | 5,453,000 | 10,934,000 |
| Interest expense | 610,000 | 1,209,000 |
| Net interest income | 4,843,000 | 9,725,000 |
| Noninterest income | 887,000 | 1,832,000 |
| Noninterest expense | 4,098,000 | 8,503,000 |
| Provision for loan losses | 0 | 0 |
| Pretax income | 2,448,000 | 4,518,000 |
| Income tax | 471,000 | 850,000 |
| Net income | 1,977,000 | 3,668,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 |
|---|---|---|
| Tier 1 capital | 57,327,000 | 58,395,000 |