Call reports 2020
SOUTH ATLANTIC BANK — 2020
What SOUTH ATLANTIC BANK reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 740,852,000 | 920,476,000 | 931,895,000 | 943,112,000 |
| Total loans | 599,508,000 | 690,322,000 | 707,844,000 | 720,508,000 |
| Allowance for loan losses | 5,490,000 | 6,100,000 | 6,243,000 | 6,824,000 |
| Securities available for sale | 73,402,000 | 85,513,000 | 113,111,000 | 125,229,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 649,899,000 | 829,832,000 | 835,849,000 | 845,693,000 |
| Interest-bearing deposits | 462,775,000 | 539,855,000 | 560,112,000 | 589,532,000 |
| Noninterest-bearing deposits | 187,124,000 | 289,977,000 | 275,737,000 | 256,161,000 |
| Equity capital | 74,380,000 | 77,941,000 | 83,996,000 | 86,043,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 8,030,000 | 16,348,000 | 24,733,000 | 33,561,000 |
| Interest expense | 1,332,000 | 2,153,000 | 2,891,000 | 3,556,000 |
| Net interest income | 6,698,000 | 14,195,000 | 21,842,000 | 30,005,000 |
| Noninterest income | 1,072,000 | 2,842,000 | 4,788,000 | 6,802,000 |
| Noninterest expense | 6,329,000 | 12,681,000 | 19,655,000 | 26,912,000 |
| Provision for loan losses | 245,000 | 855,000 | 1,020,000 | 1,685,000 |
| Pretax income | 1,728,000 | 4,463,000 | 6,917,000 | 9,262,000 |
| Income tax | 340,000 | 880,000 | 1,256,000 | 1,714,000 |
| Net income | 1,388,000 | 3,583,000 | 5,661,000 | 7,548,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 65,084,000 | 67,419,000 | 73,102,000 | 74,877,000 |
| Total capital | 70,574,000 | 73,519,000 | 79,345,000 | 81,701,000 |
| Risk-weighted assets | 600,441,000 | 653,745,000 | 668,322,000 | 670,714,000 |