Call reports 2024
BANK OF SOUTHSIDE VIRGINIA, THE — 2024
What BANK OF SOUTHSIDE VIRGINIA, THE reported to the FFIEC in 2024, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Total assets | 669,579,000 | 683,186,000 | 675,263,000 | 674,442,000 |
| Total loans | 326,447,000 | 347,294,000 | 335,421,000 | 325,594,000 |
| Allowance for loan losses | 3,629,000 | 3,647,000 | 3,704,000 | 3,697,000 |
| Securities available for sale | 219,816,000 | 213,511,000 | 214,857,000 | 223,254,000 |
| Securities held to maturity | 62,348,000 | 62,100,000 | 66,331,000 | 66,682,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 521,743,000 | 534,639,000 | 494,754,000 | 496,299,000 |
| Interest-bearing deposits | 333,330,000 | 326,337,000 | 312,260,000 | 322,365,000 |
| Noninterest-bearing deposits | 188,413,000 | 208,302,000 | 182,494,000 | 173,934,000 |
| Equity capital | 107,734,000 | 110,624,000 | 118,969,000 | 112,785,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Interest income | 7,242,000 | 14,601,000 | 22,325,000 | 29,903,000 |
| Interest expense | 638,000 | 1,395,000 | 2,362,000 | 3,138,000 |
| Net interest income | 6,604,000 | 13,206,000 | 19,963,000 | 26,765,000 |
| Noninterest income | 764,000 | 1,517,000 | 2,365,000 | 3,397,000 |
| Noninterest expense | 3,807,000 | 7,553,000 | 11,354,000 | 15,366,000 |
| Provision for loan losses | 105,000 | 222,000 | 322,000 | 424,000 |
| Pretax income | 3,456,000 | 6,948,000 | 10,652,000 | 14,372,000 |
| Income tax | 578,000 | 1,213,000 | 1,876,000 | 1,447,000 |
| Net income | 2,878,000 | 5,735,000 | 8,776,000 | 12,925,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 129,706,000 | 132,565,000 | 135,604,000 | 134,637,000 |