Call reports 2021
SOUTHERN BANK — 2021
What SOUTHERN BANK reported to the FFIEC in 2021, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Total assets | 2,718,680,000 | 2,687,535,000 | 2,725,143,000 | 2,905,965,000 |
| Total loans | 2,170,112,000 | 2,233,466,000 | 2,282,021,000 | 2,391,114,000 |
| Allowance for loan losses | 35,227,000 | 33,222,000 | 32,543,000 | 32,529,000 |
| Securities available for sale | 190,384,000 | 206,995,000 | 209,384,000 | 206,559,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 2,369,902,000 | 2,331,999,000 | 2,373,590,000 | 2,555,875,000 |
| Interest-bearing deposits | 1,981,953,000 | 1,966,429,000 | 1,984,335,000 | 2,150,405,000 |
| Noninterest-bearing deposits | 387,949,000 | 365,570,000 | 389,255,000 | 405,470,000 |
| Equity capital | 273,073,000 | 283,500,000 | 292,555,000 | 299,084,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Interest income | 27,256,000 | 54,992,000 | 83,983,000 | 112,350,000 |
| Interest expense | 3,826,000 | 7,290,000 | 10,385,000 | 13,299,000 |
| Net interest income | 23,430,000 | 47,702,000 | 73,598,000 | 99,051,000 |
| Noninterest income | 5,262,000 | 11,054,000 | 16,620,000 | 22,416,000 |
| Noninterest expense | 14,332,000 | 29,522,000 | 44,729,000 | 60,235,000 |
| Provision for loan losses | 0 | -1,987,000 | -2,666,000 | -2,666,000 |
| Pretax income | 14,859,000 | 32,348,000 | 48,908,000 | 64,651,000 |
| Income tax | 3,160,000 | 6,746,000 | 10,297,000 | 13,655,000 |
| Net income | 11,699,000 | 25,602,000 | 38,611,000 | 50,996,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Tier 1 capital | 273,092,000 | 282,638,000 | 291,835,000 | 300,057,000 |
| Total capital | 299,476,000 | 308,482,000 | 317,450,000 | 325,662,000 |
| Risk-weighted assets | 2,109,297,000 | 2,210,194,000 | 2,285,354,000 | 2,411,078,000 |