Call reports 2019
SOUTH ATLANTIC BANK — 2019
What SOUTH ATLANTIC BANK reported to the FFIEC in 2019, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Total assets | 675,466,000 | 731,444,000 | 709,542,000 | 714,414,000 |
| Total loans | 548,673,000 | 560,496,000 | 573,741,000 | 577,563,000 |
| Allowance for loan losses | 4,576,000 | 4,740,000 | 4,914,000 | 5,237,000 |
| Securities available for sale | 51,073,000 | 59,757,000 | 72,299,000 | 76,399,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 588,936,000 | 649,936,000 | 625,227,000 | 631,084,000 |
| Interest-bearing deposits | 417,861,000 | 448,439,000 | 440,633,000 | 460,338,000 |
| Noninterest-bearing deposits | 171,075,000 | 201,497,000 | 184,594,000 | 170,746,000 |
| Equity capital | 66,642,000 | 69,178,000 | 71,326,000 | 72,624,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Interest income | 7,567,000 | 15,768,000 | 24,167,000 | 32,198,000 |
| Interest expense | 1,181,000 | 2,629,000 | 4,050,000 | 5,430,000 |
| Net interest income | 6,386,000 | 13,139,000 | 20,117,000 | 26,768,000 |
| Noninterest income | 864,000 | 1,977,000 | 3,287,000 | 4,408,000 |
| Noninterest expense | 5,509,000 | 11,298,000 | 17,323,000 | 22,856,000 |
| Provision for loan losses | 165,000 | 330,000 | 495,000 | 810,000 |
| Pretax income | 1,576,000 | 3,837,000 | 5,995,000 | 7,919,000 |
| Income tax | 264,000 | 719,000 | 1,163,000 | 1,458,000 |
| Net income | 1,312,000 | 3,118,000 | 4,832,000 | 6,461,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Tier 1 capital | 58,899,000 | 60,790,000 | 62,580,000 | 63,721,000 |
| Total capital | 63,475,000 | 65,530,000 | 67,494,000 | 68,958,000 |
| Risk-weighted assets | 585,635,000 | 609,028,000 | 599,569,000 | 578,851,000 |