Call reports 2020
BANK OF SOUTHSIDE VIRGINIA, THE — 2020
What BANK OF SOUTHSIDE VIRGINIA, THE 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 | 576,994,000 | 621,201,000 | 613,098,000 | 636,001,000 |
| Total loans | 210,912,000 | 219,967,000 | 220,729,000 | 208,314,000 |
| Allowance for loan losses | 4,595,000 | 4,548,000 | 4,567,000 | 4,524,000 |
| Securities available for sale | 117,035,000 | 134,296,000 | 133,486,000 | 137,990,000 |
| Securities held to maturity | 37,814,000 | 35,677,000 | 33,721,000 | 31,350,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 463,252,000 | 503,465,000 | 493,314,000 | 519,337,000 |
| Interest-bearing deposits | 412,604,000 | 452,950,000 | 432,442,000 | 469,622,000 |
| Noninterest-bearing deposits | 50,648,000 | 50,515,000 | 60,872,000 | 49,715,000 |
| Equity capital | 105,043,000 | 108,544,000 | 110,396,000 | 107,271,000 |
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 | 4,676,000 | 9,020,000 | 13,368,000 | 17,639,000 |
| Interest expense | 283,000 | 539,000 | 776,000 | 1,002,000 |
| Net interest income | 4,393,000 | 8,481,000 | 12,592,000 | 16,637,000 |
| Noninterest income | 959,000 | 1,674,000 | 2,548,000 | 3,714,000 |
| Noninterest expense | 3,817,000 | 6,958,000 | 10,107,000 | 13,607,000 |
| Provision for loan losses | 8,000 | 5,000 | 6,000 | 7,000 |
| Pretax income | 1,105,000 | 2,840,000 | 4,709,000 | 6,609,000 |
| Income tax | 163,000 | 356,000 | 558,000 | 713,000 |
| Net income | 942,000 | 2,484,000 | 4,151,000 | 5,896,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 105,848,000 | 107,390,000 | 109,056,000 | 106,212,000 |