Call reports 2021
BANK OF SOUTHSIDE VIRGINIA, THE — 2021
What BANK OF SOUTHSIDE VIRGINIA, THE reported to the FFIEC in 2021, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Total assets | 640,424,000 | 658,953,000 | 667,652,000 | 686,331,000 |
| Total loans | 200,076,000 | 192,037,000 | 188,564,000 | 179,902,000 |
| Allowance for loan losses | 4,522,000 | 4,597,000 | 4,614,000 | 4,629,000 |
| Securities available for sale | 166,270,000 | 184,371,000 | 192,304,000 | 183,331,000 |
| Securities held to maturity | 30,346,000 | 29,343,000 | 27,587,000 | 30,620,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 525,813,000 | 541,727,000 | 548,901,000 | 573,394,000 |
| Interest-bearing deposits | 453,204,000 | 466,142,000 | 473,095,000 | 481,108,000 |
| Noninterest-bearing deposits | 72,609,000 | 75,585,000 | 75,806,000 | 92,286,000 |
| Equity capital | 105,746,000 | 108,187,000 | 109,687,000 | 106,465,000 |
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 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Interest income | 4,134,000 | 8,516,000 | 12,747,000 | 16,886,000 |
| Interest expense | 208,000 | 411,000 | 610,000 | 806,000 |
| Net interest income | 3,926,000 | 8,105,000 | 12,137,000 | 16,080,000 |
| Noninterest income | 805,000 | 1,623,000 | 2,457,000 | 3,416,000 |
| Noninterest expense | 3,624,000 | 6,789,000 | 10,015,000 | 13,573,000 |
| Provision for loan losses | -2,000 | -2,000 | 3,000 | 7,000 |
| Pretax income | 1,203,000 | 3,012,000 | 4,646,000 | 5,982,000 |
| Income tax | 198,000 | 449,000 | 624,000 | 668,000 |
| Net income | 1,005,000 | 2,563,000 | 4,022,000 | 5,314,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Tier 1 capital | 107,216,000 | 108,775,000 | 110,235,000 | 106,907,000 |