Call reports 2018
SOUTH ATLANTIC BANK — 2018
What SOUTH ATLANTIC BANK reported to the FFIEC in 2018, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Total assets | 528,377,000 | 634,205,000 | 612,014,000 | 625,551,000 |
| Total loans | 427,340,000 | 510,570,000 | 510,556,000 | 528,172,000 |
| Allowance for loan losses | 3,803,000 | 3,977,000 | 4,097,000 | 4,400,000 |
| Securities available for sale | 34,645,000 | 41,431,000 | 46,767,000 | 49,240,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 482,687,000 | 569,075,000 | 540,400,000 | 543,534,000 |
| Interest-bearing deposits | 359,077,000 | 391,375,000 | 372,377,000 | 386,304,000 |
| Noninterest-bearing deposits | 123,610,000 | 177,700,000 | 168,023,000 | 157,230,000 |
| Equity capital | 44,420,000 | 62,071,000 | 62,711,000 | 64,221,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Interest income | 5,431,000 | 12,319,000 | 19,369,000 | 26,620,000 |
| Interest expense | 589,000 | 1,280,000 | 1,967,000 | 2,896,000 |
| Net interest income | 4,842,000 | 11,039,000 | 17,402,000 | 23,724,000 |
| Noninterest income | 775,000 | 1,792,000 | 2,653,000 | 3,485,000 |
| Noninterest expense | 4,630,000 | 10,141,000 | 15,659,000 | 20,382,000 |
| Provision for loan losses | 50,000 | 215,000 | 325,000 | 710,000 |
| Pretax income | 937,000 | 2,475,000 | 4,071,000 | 6,117,000 |
| Income tax | 76,000 | 362,000 | 762,000 | 1,210,000 |
| Net income | 861,000 | 2,113,000 | 3,309,000 | 4,907,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Tier 1 capital | 44,882,000 | 54,450,000 | 55,871,000 | 57,489,000 |
| Total capital | 48,685,000 | 58,427,000 | 59,968,000 | 61,889,000 |
| Risk-weighted assets | 422,487,000 | 498,857,000 | 495,448,000 | 508,902,000 |