Call reports 2017
SOUTH ATLANTIC BANK — 2017
What SOUTH ATLANTIC BANK reported to the FFIEC in 2017, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Total assets | 482,041,000 | 515,559,000 | 507,578,000 | 514,820,000 |
| Total loans | 404,850,000 | 422,451,000 | 424,071,000 | 433,381,000 |
| Allowance for loan losses | 3,641,000 | 3,127,000 | 3,289,000 | 3,749,000 |
| Securities available for sale | 43,341,000 | 45,174,000 | 44,395,000 | 35,855,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 436,148,000 | 471,158,000 | 459,620,000 | 454,339,000 |
| Interest-bearing deposits | 317,924,000 | 337,360,000 | 329,017,000 | 333,224,000 |
| Noninterest-bearing deposits | 118,224,000 | 133,798,000 | 130,603,000 | 121,115,000 |
| Equity capital | 36,298,000 | 42,922,000 | 43,620,000 | 44,311,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Interest income | 4,479,000 | 9,505,000 | 14,759,000 | 20,114,000 |
| Interest expense | 404,000 | 810,000 | 1,220,000 | 1,692,000 |
| Net interest income | 4,075,000 | 8,695,000 | 13,539,000 | 18,422,000 |
| Noninterest income | 689,000 | 1,499,000 | 2,324,000 | 3,133,000 |
| Noninterest expense | 3,700,000 | 7,614,000 | 12,096,000 | 16,574,000 |
| Provision for loan losses | 120,000 | 285,000 | 450,000 | 915,000 |
| Pretax income | 944,000 | 2,313,000 | 3,335,000 | 4,008,000 |
| Income tax | 234,000 | 606,000 | 989,000 | 890,000 |
| Net income | 710,000 | 1,707,000 | 2,346,000 | 3,118,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Tier 1 capital | 36,694,000 | 42,690,000 | 43,323,000 | 44,003,000 |
| Total capital | 40,335,000 | 45,817,000 | 46,612,000 | 47,752,000 |
| Risk-weighted assets | 387,812,000 | 401,920,000 | 404,226,000 | 415,512,000 |