Call reports 2014
SOUTHERN BANK — 2014
What SOUTHERN BANK reported to the FFIEC in 2014, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Total assets | 986,800,000 | 1,014,594,000 | 1,046,233,000 | 1,286,685,000 |
| Total loans | 773,373,000 | 807,722,000 | 845,311,000 | 1,022,902,000 |
| Allowance for loan losses | 8,687,000 | 9,259,000 | 9,726,000 | 10,958,000 |
| Securities available for sale | 134,159,000 | 130,222,000 | 126,336,000 | 145,980,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 798,651,000 | 791,502,000 | 824,834,000 | 1,063,532,000 |
| Interest-bearing deposits | 725,756,000 | 717,689,000 | 753,926,000 | 937,273,000 |
| Noninterest-bearing deposits | 72,895,000 | 73,813,000 | 70,908,000 | 126,259,000 |
| Equity capital | 105,223,000 | 108,331,000 | 100,908,000 | 134,280,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Interest income | 10,311,000 | 21,099,000 | 32,357,000 | 44,518,000 |
| Interest expense | 1,802,000 | 3,631,000 | 5,482,000 | 7,405,000 |
| Net interest income | 8,509,000 | 17,468,000 | 26,875,000 | 37,113,000 |
| Noninterest income | 1,507,000 | 3,333,000 | 4,995,000 | 6,948,000 |
| Noninterest expense | 6,364,000 | 12,489,000 | 18,534,000 | 25,755,000 |
| Provision for loan losses | 253,000 | 851,000 | 1,329,000 | 1,827,000 |
| Pretax income | 3,392,000 | 7,462,000 | 12,010,000 | 16,485,000 |
| Income tax | 918,000 | 2,025,000 | 3,359,000 | 4,662,000 |
| Net income | 2,474,000 | 5,437,000 | 8,651,000 | 11,823,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Tier 1 capital | 102,853,000 | 105,281,000 | 97,889,000 | 128,035,000 |
| Total capital | 112,021,000 | 114,811,000 | 107,816,000 | 139,693,000 |
| Risk-weighted assets | 733,295,000 | 762,105,000 | 793,736,000 | 967,395,000 |