Call reports 2022
BANK OF SOUTHSIDE VIRGINIA, THE — 2022
What BANK OF SOUTHSIDE VIRGINIA, THE reported to the FFIEC in 2022, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Total assets | 686,114,000 | 687,992,000 | 686,026,000 | 700,254,000 |
| Total loans | 182,981,000 | 202,366,000 | 226,057,000 | 254,724,000 |
| Allowance for loan losses | 4,644,000 | 4,658,000 | 4,672,000 | 4,637,000 |
| Securities available for sale | 167,516,000 | 163,452,000 | 196,513,000 | 219,264,000 |
| Securities held to maturity | 40,015,000 | 53,373,000 | 53,310,000 | 67,351,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 582,729,000 | 591,636,000 | 593,386,000 | 606,752,000 |
| Interest-bearing deposits | 491,751,000 | 526,063,000 | 508,240,000 | 512,781,000 |
| Noninterest-bearing deposits | 90,978,000 | 65,573,000 | 85,146,000 | 93,971,000 |
| Equity capital | 96,768,000 | 89,824,000 | 85,845,000 | 84,714,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Interest income | 3,900,000 | 8,372,000 | 13,827,000 | 20,383,000 |
| Interest expense | 190,000 | 372,000 | 556,000 | 730,000 |
| Net interest income | 3,710,000 | 8,000,000 | 13,271,000 | 19,653,000 |
| Noninterest income | 761,000 | 1,624,000 | 2,518,000 | 6,608,000 |
| Noninterest expense | 3,236,000 | 6,406,000 | 9,698,000 | 13,406,000 |
| Provision for loan losses | 2,000 | 17,000 | 17,000 | 22,000 |
| Pretax income | 1,260,000 | 3,204,000 | 6,069,000 | 12,840,000 |
| Income tax | 145,000 | 425,000 | 870,000 | 2,122,000 |
| Net income | 1,115,000 | 2,779,000 | 5,199,000 | 10,718,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Tier 1 capital | 108,023,000 | 109,686,000 | 112,106,000 | 113,151,000 |