Call reports 2023
BANK OF SOUTHSIDE VIRGINIA, THE — 2023
What BANK OF SOUTHSIDE VIRGINIA, THE reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Total assets | 680,565,000 | 666,761,000 | 658,287,000 | 679,092,000 |
| Total loans | 276,805,000 | 288,250,000 | 303,821,000 | 327,236,000 |
| Allowance for loan losses | 3,197,000 | 3,235,000 | 3,288,000 | 3,537,000 |
| Securities available for sale | 231,367,000 | 226,712,000 | 218,621,000 | 225,296,000 |
| Securities held to maturity | 72,564,000 | 70,609,000 | 66,842,000 | 63,334,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 577,203,000 | 563,139,000 | 541,245,000 | 550,700,000 |
| Interest-bearing deposits | 477,689,000 | 461,975,000 | 456,244,000 | 454,161,000 |
| Noninterest-bearing deposits | 99,514,000 | 101,164,000 | 85,001,000 | 96,539,000 |
| Equity capital | 94,429,000 | 95,603,000 | 94,977,000 | 106,078,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Interest income | 6,575,000 | 13,165,000 | 19,878,000 | 27,216,000 |
| Interest expense | 159,000 | 309,000 | 616,000 | 938,000 |
| Net interest income | 6,416,000 | 12,856,000 | 19,262,000 | 26,278,000 |
| Noninterest income | 1,135,000 | 2,611,000 | 4,997,000 | 9,113,000 |
| Noninterest expense | 3,707,000 | 7,432,000 | 11,150,000 | 14,521,000 |
| Provision for loan losses | 1,000 | 74,000 | 190,000 | 513,000 |
| Pretax income | 3,742,000 | 7,838,000 | 12,791,000 | 20,430,000 |
| Income tax | 546,000 | 1,125,000 | 1,699,000 | 2,595,000 |
| Net income | 3,196,000 | 6,713,000 | 11,092,000 | 17,835,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 117,403,000 | 120,906,000 | 125,285,000 | 126,828,000 |