Call reports 2023
SOUTHERN BANK — 2023
What SOUTHERN BANK reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Total assets | 4,243,128,000 | 4,309,911,000 | 4,419,729,000 | 4,593,354,000 |
| Total loans | 3,480,204,000 | 3,618,853,000 | 3,699,638,000 | 3,731,890,000 |
| Allowance for loan losses | 45,685,000 | 47,820,000 | 49,122,000 | 50,084,000 |
| Securities available for sale | 427,812,000 | 415,559,000 | 403,937,000 | 417,381,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 3,767,503,000 | 3,739,034,000 | 3,855,900,000 | 4,010,826,000 |
| Interest-bearing deposits | 3,129,849,000 | 3,120,534,000 | 3,254,908,000 | 3,460,956,000 |
| Noninterest-bearing deposits | 637,654,000 | 618,500,000 | 600,992,000 | 549,870,000 |
| Equity capital | 396,042,000 | 404,257,000 | 410,879,000 | 426,050,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Interest income | 44,400,000 | 98,880,000 | 157,123,000 | 218,908,000 |
| Interest expense | 13,303,000 | 31,035,000 | 53,405,000 | 80,140,000 |
| Net interest income | 31,097,000 | 67,845,000 | 103,718,000 | 138,768,000 |
| Noninterest income | 6,647,000 | 17,368,000 | 24,821,000 | 32,590,000 |
| Noninterest expense | 24,476,000 | 50,968,000 | 76,070,000 | 101,262,000 |
| Provision for loan losses | 7,185,000 | 9,516,000 | 11,086,000 | 13,008,000 |
| Pretax income | 3,196,000 | 23,378,000 | 40,702,000 | 56,747,000 |
| Income tax | 335,000 | 4,417,000 | 8,048,000 | 11,363,000 |
| Net income | 2,861,000 | 18,961,000 | 32,654,000 | 45,384,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 395,685,000 | 407,764,000 | 416,590,000 | 426,731,000 |
| Total capital | 442,021,000 | 454,699,000 | 464,798,000 | 475,094,000 |
| Risk-weighted assets | 3,724,431,000 | 3,793,758,000 | 3,854,906,000 | 3,867,511,000 |