Call reports 2018
SOUTHERN BANK — 2018
What SOUTHERN BANK reported to the FFIEC in 2018, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Total assets | 1,837,009,000 | 1,876,996,000 | 1,934,592,000 | 2,197,497,000 |
| Total loans | 1,539,708,000 | 1,581,594,000 | 1,642,946,000 | 1,820,500,000 |
| Allowance for loan losses | 17,263,000 | 18,214,000 | 18,790,000 | 19,023,000 |
| Securities available for sale | 146,127,000 | 146,325,000 | 144,625,000 | 197,872,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,581,851,000 | 1,588,287,000 | 1,600,098,000 | 1,805,187,000 |
| Interest-bearing deposits | 1,377,213,000 | 1,376,343,000 | 1,392,006,000 | 1,556,112,000 |
| Noninterest-bearing deposits | 204,638,000 | 211,944,000 | 208,092,000 | 249,075,000 |
| Equity capital | 193,870,000 | 197,863,000 | 202,815,000 | 220,063,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Interest income | 19,611,000 | 39,873,000 | 62,065,000 | 85,454,000 |
| Interest expense | 3,500,000 | 7,509,000 | 12,133,000 | 17,837,000 |
| Net interest income | 16,111,000 | 32,364,000 | 49,932,000 | 67,617,000 |
| Noninterest income | 3,592,000 | 7,164,000 | 10,686,000 | 14,691,000 |
| Noninterest expense | 11,877,000 | 23,099,000 | 34,541,000 | 46,575,000 |
| Provision for loan losses | 550,000 | 1,537,000 | 2,218,000 | 2,517,000 |
| Pretax income | 7,530,000 | 15,189,000 | 24,156,000 | 33,513,000 |
| Income tax | 1,919,000 | 3,593,000 | 5,344,000 | 7,166,000 |
| Net income | 5,611,000 | 11,596,000 | 18,812,000 | 26,347,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Tier 1 capital | 190,600,000 | 195,427,000 | 200,967,000 | 213,575,000 |
| Total capital | 209,188,000 | 214,804,000 | 220,943,000 | 233,946,000 |
| Risk-weighted assets | 1,609,048,000 | 1,629,214,000 | 1,705,944,000 | 1,924,274,000 |