Call reports 2021
SOUTH ATLANTIC BANK — 2021
What SOUTH ATLANTIC BANK reported to the FFIEC in 2021, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Total assets | 1,033,231,000 | 1,142,408,000 | 1,161,101,000 | 1,228,535,000 |
| Total loans | 714,637,000 | 722,772,000 | 711,006,000 | 740,527,000 |
| Allowance for loan losses | 7,109,000 | 7,494,000 | 7,606,000 | 8,159,000 |
| Securities available for sale | 148,739,000 | 220,429,000 | 298,131,000 | 324,176,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 9,977,000 | 10,055,000 |
| Total deposits | 932,271,000 | 1,034,254,000 | 1,050,545,000 | 1,108,319,000 |
| Interest-bearing deposits | 616,991,000 | 678,231,000 | 693,519,000 | 735,577,000 |
| Noninterest-bearing deposits | 315,280,000 | 356,023,000 | 357,026,000 | 372,742,000 |
| Equity capital | 87,305,000 | 95,373,000 | 96,630,000 | 107,595,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Interest income | 9,431,000 | 18,840,000 | 28,265,000 | 37,981,000 |
| Interest expense | 575,000 | 1,134,000 | 1,649,000 | 2,150,000 |
| Net interest income | 8,856,000 | 17,706,000 | 26,616,000 | 35,831,000 |
| Noninterest income | 2,453,000 | 4,678,000 | 6,719,000 | 8,634,000 |
| Noninterest expense | 7,401,000 | 14,839,000 | 22,394,000 | 29,979,000 |
| Provision for loan losses | 285,000 | 660,000 | 771,000 | 1,324,000 |
| Pretax income | 4,613,000 | 7,875,000 | 11,230,000 | 14,228,000 |
| Income tax | 978,000 | 1,638,000 | 2,288,000 | 2,925,000 |
| Net income | 3,635,000 | 6,237,000 | 8,942,000 | 11,303,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Tier 1 capital | 78,578,000 | 85,436,000 | 88,213,000 | 100,522,000 |
| Total capital | 85,687,000 | 92,930,000 | 95,819,000 | 108,681,000 |
| Risk-weighted assets | 688,856,000 | 757,382,000 | 780,743,000 | 836,658,000 |