Call reports 2022
SOUTH ATLANTIC BANK — 2022
What SOUTH ATLANTIC BANK reported to the FFIEC in 2022, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Total assets | 1,292,766,000 | 1,400,217,000 | 1,370,112,000 | 1,406,988,000 |
| Total loans | 773,757,000 | 886,807,000 | 945,736,000 | 1,000,550,000 |
| Allowance for loan losses | 8,235,000 | 8,560,000 | 9,210,000 | 10,111,000 |
| Securities available for sale | 242,816,000 | 235,413,000 | 226,576,000 | 223,209,000 |
| Securities held to maturity | 95,477,000 | 95,022,000 | 94,905,000 | 94,788,000 |
| Trading assets | 9,510,000 | 0 | 0 | 0 |
| Total deposits | 1,182,490,000 | 1,286,979,000 | 1,255,809,000 | 1,236,318,000 |
| Interest-bearing deposits | 799,865,000 | 858,491,000 | 836,061,000 | 845,350,000 |
| Noninterest-bearing deposits | 382,625,000 | 428,488,000 | 419,748,000 | 390,968,000 |
| Equity capital | 96,916,000 | 98,788,000 | 97,345,000 | 100,091,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Interest income | 10,061,000 | 21,333,000 | 34,518,000 | 48,827,000 |
| Interest expense | 463,000 | 975,000 | 1,577,000 | 3,095,000 |
| Net interest income | 9,598,000 | 20,358,000 | 32,941,000 | 45,732,000 |
| Noninterest income | 1,051,000 | 3,312,000 | 4,378,000 | 5,421,000 |
| Noninterest expense | 7,731,000 | 16,127,000 | 24,484,000 | 31,821,000 |
| Provision for loan losses | 75,000 | 400,000 | 1,050,000 | 1,950,000 |
| Pretax income | 2,843,000 | 6,488,000 | 11,240,000 | 16,837,000 |
| Income tax | 351,000 | 1,031,000 | 1,883,000 | 3,375,000 |
| Net income | 2,492,000 | 5,457,000 | 9,357,000 | 13,462,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Tier 1 capital | 103,232,000 | 112,180,000 | 116,343,000 | 120,418,000 |
| Total capital | 111,467,000 | 120,740,000 | 125,553,000 | 130,529,000 |
| Risk-weighted assets | 889,331,000 | 1,037,960,000 | 1,045,389,000 | 1,076,960,000 |
Machine access — free, no API key
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