Call reports 2015
SOUTH ATLANTIC BANK — 2015
What SOUTH ATLANTIC BANK reported to the FFIEC in 2015, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Total assets | 355,954,000 | 378,106,000 | 384,986,000 | 399,409,000 |
| Total loans | 269,310,000 | 276,554,000 | 288,705,000 | 313,988,000 |
| Allowance for loan losses | 2,729,000 | 2,788,000 | 2,844,000 | 2,831,000 |
| Securities available for sale | 51,385,000 | 49,161,000 | 49,481,000 | 51,821,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 325,835,000 | 347,784,000 | 351,736,000 | 340,676,000 |
| Interest-bearing deposits | 258,776,000 | 270,114,000 | 274,595,000 | 268,139,000 |
| Noninterest-bearing deposits | 67,059,000 | 77,670,000 | 77,141,000 | 72,537,000 |
| Equity capital | 29,541,000 | 29,368,000 | 30,515,000 | 31,522,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Interest income | 3,368,000 | 6,829,000 | 10,418,000 | 14,137,000 |
| Interest expense | 251,000 | 538,000 | 848,000 | 1,148,000 |
| Net interest income | 3,117,000 | 6,291,000 | 9,570,000 | 12,989,000 |
| Noninterest income | 426,000 | 1,042,000 | 1,644,000 | 2,273,000 |
| Noninterest expense | 2,997,000 | 6,021,000 | 9,073,000 | 12,143,000 |
| Provision for loan losses | 100,000 | 165,000 | 165,000 | 230,000 |
| Pretax income | 678,000 | 1,379,000 | 2,208,000 | 3,159,000 |
| Income tax | 181,000 | 346,000 | 561,000 | 886,000 |
| Net income | 497,000 | 1,033,000 | 1,647,000 | 2,273,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Tier 1 capital | 29,500,000 | 30,103,000 | 30,766,000 | 31,493,000 |
| Total capital | 32,229,000 | 32,891,000 | 33,610,000 | 34,324,000 |
| Risk-weighted assets | 263,600,000 | 271,959,000 | 286,221,000 | 236,929,000 |