Call reports 2020
SOUTHERN BANK — 2020
What SOUTHERN BANK reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 2,361,151,000 | 2,528,839,000 | 2,526,465,000 | 2,609,532,000 |
| Total loans | 1,991,328,000 | 2,167,067,000 | 2,185,546,000 | 2,156,869,000 |
| Allowance for loan losses | 23,508,000 | 25,139,000 | 35,083,000 | 35,471,000 |
| Securities available for sale | 180,592,000 | 176,500,000 | 175,504,000 | 181,121,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,976,053,000 | 2,189,427,000 | 2,171,213,000 | 2,268,331,000 |
| Interest-bearing deposits | 1,738,064,000 | 1,869,395,000 | 1,859,067,000 | 1,927,589,000 |
| Noninterest-bearing deposits | 237,989,000 | 320,032,000 | 312,146,000 | 340,742,000 |
| Equity capital | 249,537,000 | 255,601,000 | 256,315,000 | 265,741,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 26,368,000 | 53,905,000 | 81,126,000 | 109,134,000 |
| Interest expense | 6,590,000 | 11,926,000 | 16,706,000 | 20,922,000 |
| Net interest income | 19,778,000 | 41,979,000 | 64,420,000 | 88,212,000 |
| Noninterest income | 3,752,000 | 8,030,000 | 13,842,000 | 20,651,000 |
| Noninterest expense | 14,030,000 | 28,857,000 | 43,328,000 | 57,848,000 |
| Provision for loan losses | 2,850,000 | 4,719,000 | 5,493,000 | 6,104,000 |
| Pretax income | 6,651,000 | 16,434,000 | 29,441,000 | 44,911,000 |
| Income tax | 1,207,000 | 3,112,000 | 5,916,000 | 9,126,000 |
| Net income | 5,444,000 | 13,322,000 | 23,525,000 | 35,785,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 241,769,000 | 244,822,000 | 249,492,000 | 263,659,000 |
| Total capital | 267,104,000 | 271,137,000 | 275,989,000 | 290,056,000 |
| Risk-weighted assets | 2,063,914,000 | 2,104,440,000 | 2,112,551,000 | 2,109,849,000 |