Call reports 2023
SANDHILLS STATE BANK — 2023
What SANDHILLS STATE 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 | 342,340,000 | 347,504,000 | 339,713,000 | 350,501,000 |
| Total loans | 243,255,000 | 255,403,000 | 251,839,000 | 259,406,000 |
| Allowance for loan losses | 2,524,000 | 2,559,000 | 2,568,000 | 2,623,000 |
| Securities available for sale | 71,926,000 | 65,589,000 | 63,072,000 | 53,255,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 311,820,000 | 293,770,000 | 293,198,000 | 300,470,000 |
| Interest-bearing deposits | 240,921,000 | 231,812,000 | 228,289,000 | 222,485,000 |
| Noninterest-bearing deposits | 70,899,000 | 61,958,000 | 64,909,000 | 77,985,000 |
| Equity capital | 29,372,000 | 29,190,000 | 27,902,000 | 30,167,000 |
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 | 3,600,000 | 7,419,000 | 11,450,000 | 15,494,000 |
| Interest expense | 641,000 | 1,604,000 | 2,930,000 | 4,180,000 |
| Net interest income | 2,959,000 | 5,815,000 | 8,520,000 | 11,314,000 |
| Noninterest income | 178,000 | 340,000 | 499,000 | 647,000 |
| Noninterest expense | 1,938,000 | 3,932,000 | 5,868,000 | 7,794,000 |
| Provision for loan losses | 0 | 25,000 | 25,000 | 70,000 |
| Pretax income | 1,196,000 | 2,195,000 | 3,123,000 | 4,105,000 |
| Income tax | 36,000 | 70,000 | 100,000 | 120,000 |
| Net income | 1,160,000 | 2,125,000 | 3,023,000 | 3,985,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 29,459,000 | 29,676,000 | 29,795,000 | 29,559,000 |
| Total capital | 31,983,000 | 32,235,000 | 32,363,000 | 32,182,000 |
| Risk-weighted assets | 251,967,000 | 262,811,000 | 259,933,000 | 267,583,000 |