Call reports 2016
SOUTHERN BANK — 2016
What SOUTHERN BANK reported to the FFIEC in 2016, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Total assets | 1,337,729,000 | 1,399,926,000 | 1,465,880,000 | 1,488,525,000 |
| Total loans | 1,108,452,000 | 1,149,244,000 | 1,218,228,000 | 1,224,827,000 |
| Allowance for loan losses | 13,693,000 | 13,791,000 | 14,456,000 | 14,992,000 |
| Securities available for sale | 128,735,000 | 129,224,000 | 124,249,000 | 132,116,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,123,608,000 | 1,124,769,000 | 1,171,518,000 | 1,216,086,000 |
| Interest-bearing deposits | 997,109,000 | 988,697,000 | 1,032,810,000 | 1,075,742,000 |
| Noninterest-bearing deposits | 126,499,000 | 136,072,000 | 138,708,000 | 140,344,000 |
| Equity capital | 128,872,000 | 132,540,000 | 135,296,000 | 136,861,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Interest income | 13,952,000 | 28,295,000 | 43,482,000 | 58,739,000 |
| Interest expense | 2,206,000 | 4,486,000 | 6,868,000 | 9,222,000 |
| Net interest income | 11,746,000 | 23,809,000 | 36,614,000 | 49,517,000 |
| Noninterest income | 2,343,000 | 4,963,000 | 7,662,000 | 10,378,000 |
| Noninterest expense | 8,357,000 | 16,603,000 | 25,822,000 | 34,438,000 |
| Provision for loan losses | 563,000 | 1,380,000 | 2,304,000 | 2,961,000 |
| Pretax income | 5,169,000 | 10,794,000 | 16,155,000 | 22,501,000 |
| Income tax | 1,660,000 | 3,424,000 | 4,885,000 | 6,737,000 |
| Net income | 3,509,000 | 7,370,000 | 11,270,000 | 15,764,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Tier 1 capital | 125,340,000 | 128,447,000 | 131,452,000 | 135,238,000 |
| Total capital | 139,846,000 | 142,983,000 | 146,628,000 | 150,894,000 |
| Risk-weighted assets | 1,186,537,000 | 1,243,283,000 | 1,278,635,000 | 1,287,208,000 |