Call reports 2023
SOUTH ATLANTIC BANK — 2023
What SOUTH ATLANTIC BANK reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Total assets | 1,474,758,000 | 1,522,338,000 | 1,548,189,000 | 1,617,504,000 |
| Total loans | 1,047,476,000 | 1,092,982,000 | 1,134,817,000 | 1,180,933,000 |
| Allowance for loan losses | 10,281,000 | 10,462,000 | 10,463,000 | 10,863,000 |
| Securities available for sale | 221,666,000 | 218,650,000 | 211,900,000 | 219,556,000 |
| Securities held to maturity | 94,670,000 | 94,552,000 | 94,433,000 | 94,316,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,264,733,000 | 1,285,689,000 | 1,310,798,000 | 1,301,282,000 |
| Interest-bearing deposits | 912,996,000 | 922,494,000 | 959,310,000 | 962,164,000 |
| Noninterest-bearing deposits | 351,737,000 | 363,195,000 | 351,488,000 | 339,118,000 |
| Equity capital | 114,994,000 | 117,544,000 | 116,180,000 | 123,050,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Interest income | 15,397,000 | 32,165,000 | 50,293,000 | 69,675,000 |
| Interest expense | 3,964,000 | 10,131,000 | 17,634,000 | 26,140,000 |
| Net interest income | 11,433,000 | 22,034,000 | 32,659,000 | 43,535,000 |
| Noninterest income | 1,073,000 | 2,508,000 | 3,628,000 | 4,747,000 |
| Noninterest expense | 8,103,000 | 16,322,000 | 24,885,000 | 33,068,000 |
| Provision for loan losses | 175,000 | 355,000 | 355,000 | 755,000 |
| Pretax income | 4,231,000 | 7,868,000 | 11,050,000 | 14,462,000 |
| Income tax | 861,000 | 1,537,000 | 2,116,000 | 3,057,000 |
| Net income | 3,370,000 | 6,331,000 | 8,934,000 | 11,405,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 133,922,000 | 136,883,000 | 139,487,000 | 142,030,000 |
| Total capital | 144,203,000 | 147,345,000 | 149,949,000 | 152,893,000 |
| Risk-weighted assets | 1,104,792,000 | 1,139,892,000 | 1,168,324,000 | 1,250,533,000 |