Call reports 2016
BANK OF SOUTHSIDE VIRGINIA, THE — 2016
What BANK OF SOUTHSIDE VIRGINIA, THE 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 | 543,932,000 | 547,659,000 | 551,184,000 | 562,878,000 |
| Total loans | 226,177,000 | 224,644,000 | 224,877,000 | 223,903,000 |
| Allowance for loan losses | 5,333,000 | 5,206,000 | 4,947,000 | 5,144,000 |
| Securities available for sale | 102,481,000 | 102,154,000 | 100,651,000 | 95,647,000 |
| Securities held to maturity | 17,414,000 | 17,578,000 | 20,980,000 | 23,268,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 446,262,000 | 447,450,000 | 449,070,000 | 464,386,000 |
| Interest-bearing deposits | 382,226,000 | 381,787,000 | 385,108,000 | 419,632,000 |
| Noninterest-bearing deposits | 64,036,000 | 65,663,000 | 63,962,000 | 44,754,000 |
| Equity capital | 90,573,000 | 93,035,000 | 94,708,000 | 91,140,000 |
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 | 4,399,000 | 8,800,000 | 13,294,000 | 17,656,000 |
| Interest expense | 285,000 | 556,000 | 821,000 | 1,082,000 |
| Net interest income | 4,114,000 | 8,244,000 | 12,473,000 | 16,574,000 |
| Noninterest income | 1,286,000 | 2,818,000 | 4,270,000 | 5,735,000 |
| Noninterest expense | 3,567,000 | 6,970,000 | 10,217,000 | 14,009,000 |
| Provision for loan losses | 13,000 | 28,000 | 37,000 | 254,000 |
| Pretax income | 1,823,000 | 4,068,000 | 6,493,000 | 8,123,000 |
| Income tax | 303,000 | 819,000 | 1,321,000 | 1,103,000 |
| Net income | 1,520,000 | 3,249,000 | 5,172,000 | 7,020,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Tier 1 capital | 87,976,000 | 89,710,000 | 91,632,000 | 90,286,000 |
| Total capital | 92,304,000 | 94,043,000 | 95,972,000 | 94,817,000 |
| Risk-weighted assets | 310,227,000 | 307,487,000 | 311,389,000 | 316,224,000 |