Call reports 2016
SOUTH ATLANTIC BANK — 2016
What SOUTH ATLANTIC BANK reported to the FFIEC in 2016, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Total assets | 417,354,000 | 462,134,000 | 436,155,000 | 443,780,000 |
| Total loans | 329,890,000 | 348,573,000 | 358,287,000 | 368,991,000 |
| Allowance for loan losses | 2,998,000 | 3,174,000 | 3,406,000 | 3,524,000 |
| Securities available for sale | 41,572,000 | 33,405,000 | 45,279,000 | 42,636,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 366,141,000 | 425,254,000 | 398,283,000 | 383,554,000 |
| Interest-bearing deposits | 289,556,000 | 327,725,000 | 312,609,000 | 303,281,000 |
| Noninterest-bearing deposits | 76,585,000 | 97,529,000 | 85,674,000 | 80,273,000 |
| Equity capital | 32,384,000 | 35,878,000 | 36,230,000 | 35,318,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Interest income | 3,910,000 | 7,980,000 | 12,194,000 | 16,514,000 |
| Interest expense | 320,000 | 690,000 | 1,066,000 | 1,434,000 |
| Net interest income | 3,590,000 | 7,290,000 | 11,128,000 | 15,080,000 |
| Noninterest income | 550,000 | 1,225,000 | 2,011,000 | 2,640,000 |
| Noninterest expense | 3,327,000 | 6,712,000 | 10,267,000 | 13,815,000 |
| Provision for loan losses | 150,000 | 320,000 | 495,000 | 615,000 |
| Pretax income | 696,000 | 1,567,000 | 2,673,000 | 3,627,000 |
| Income tax | 190,000 | 415,000 | 702,000 | 1,003,000 |
| Net income | 506,000 | 1,152,000 | 1,971,000 | 2,624,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Tier 1 capital | 31,895,000 | 34,515,000 | 35,257,000 | 36,130,000 |
| Total capital | 34,893,000 | 37,689,000 | 38,663,000 | 39,654,000 |
| Risk-weighted assets | 324,623,000 | 343,211,000 | 345,732,000 | 360,061,000 |