Call reports 2024
SOUTHERN BANK — 2024
What SOUTHERN BANK reported to the FFIEC in 2024, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Total assets | 4,596,340,000 | 4,553,638,000 | 4,678,597,000 | 4,856,974,000 |
| Total loans | 3,771,193,000 | 3,849,803,000 | 3,966,519,000 | 4,027,029,000 |
| Allowance for loan losses | 51,336,000 | 52,516,000 | 54,437,000 | 54,740,000 |
| Securities available for sale | 433,665,000 | 427,878,000 | 420,184,000 | 468,035,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 4,012,390,000 | 3,957,083,000 | 4,055,521,000 | 4,226,907,000 |
| Interest-bearing deposits | 3,461,292,000 | 3,416,999,000 | 3,529,375,000 | 3,693,303,000 |
| Noninterest-bearing deposits | 551,098,000 | 540,084,000 | 526,146,000 | 533,604,000 |
| Equity capital | 434,381,000 | 446,131,000 | 462,068,000 | 468,216,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Interest income | 64,171,000 | 129,019,000 | 196,387,000 | 265,802,000 |
| Interest expense | 29,157,000 | 58,365,000 | 88,697,000 | 119,617,000 |
| Net interest income | 35,014,000 | 70,654,000 | 107,690,000 | 146,185,000 |
| Noninterest income | 7,741,000 | 16,960,000 | 25,884,000 | 34,536,000 |
| Noninterest expense | 26,226,000 | 52,548,000 | 79,817,000 | 106,108,000 |
| Provision for loan losses | 1,358,000 | 3,133,000 | 5,154,000 | 5,654,000 |
| Pretax income | 14,822,000 | 32,459,000 | 48,990,000 | 68,915,000 |
| Income tax | 2,980,000 | 6,552,000 | 9,914,000 | 14,125,000 |
| Net income | 11,842,000 | 25,907,000 | 39,076,000 | 54,790,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 436,216,000 | 447,192,000 | 455,142,000 | 467,872,000 |
| Total capital | 484,637,000 | 496,105,000 | 505,619,000 | 518,886,000 |
| Risk-weighted assets | 3,871,424,000 | 3,910,965,000 | 4,033,821,000 | 4,075,931,000 |
Machine access — free, no API key
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