Call reports 2022
SOUTHERN BANK — 2022
What SOUTHERN BANK reported to the FFIEC in 2022, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Total assets | 3,236,969,000 | 3,188,678,000 | 3,417,982,000 | 3,423,751,000 |
| Total loans | 2,612,747,000 | 2,719,390,000 | 2,976,610,000 | 2,995,018,000 |
| Allowance for loan losses | 33,641,000 | 33,192,000 | 37,418,000 | 37,483,000 |
| Securities available for sale | 226,366,000 | 235,352,000 | 232,870,000 | 229,404,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 2,867,155,000 | 2,824,091,000 | 2,861,871,000 | 3,017,801,000 |
| Interest-bearing deposits | 2,417,975,000 | 2,400,438,000 | 2,425,191,000 | 2,561,741,000 |
| Noninterest-bearing deposits | 449,180,000 | 423,653,000 | 436,680,000 | 456,060,000 |
| Equity capital | 307,581,000 | 306,549,000 | 310,618,000 | 320,068,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Interest income | 28,638,000 | 60,530,000 | 95,651,000 | 134,641,000 |
| Interest expense | 3,044,000 | 6,627,000 | 12,861,000 | 23,243,000 |
| Net interest income | 25,594,000 | 53,903,000 | 82,790,000 | 111,398,000 |
| Noninterest income | 5,661,000 | 12,999,000 | 19,805,000 | 26,475,000 |
| Noninterest expense | 17,476,000 | 35,713,000 | 53,695,000 | 71,816,000 |
| Provision for loan losses | 1,052,000 | 613,000 | 4,863,000 | 5,228,000 |
| Pretax income | 12,227,000 | 29,397,000 | 42,052,000 | 58,071,000 |
| Income tax | 2,446,000 | 6,147,000 | 8,697,000 | 12,118,000 |
| Net income | 9,781,000 | 23,250,000 | 33,355,000 | 45,953,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Tier 1 capital | 315,462,000 | 325,183,000 | 330,017,000 | 338,996,000 |
| Total capital | 342,276,000 | 352,169,000 | 364,426,000 | 374,243,000 |
| Risk-weighted assets | 2,641,615,000 | 2,729,957,000 | 3,012,787,000 | 3,066,465,000 |