Call reports 2020
SOUTHERN BANK OF TENNESSEE — 2020
What SOUTHERN BANK OF TENNESSEE 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 | 307,770,000 | 323,282,000 | 336,282,000 | 348,330,000 |
| Total loans | 219,558,000 | 228,101,000 | 237,725,000 | 248,583,000 |
| Allowance for loan losses | 1,960,000 | 1,921,000 | 1,981,000 | 2,111,000 |
| Securities available for sale | 26,459,000 | 25,087,000 | 26,347,000 | 24,272,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 266,548,000 | 281,445,000 | 293,894,000 | 305,195,000 |
| Interest-bearing deposits | 226,624,000 | 232,489,000 | 242,264,000 | 253,352,000 |
| Noninterest-bearing deposits | 39,924,000 | 48,956,000 | 51,630,000 | 51,843,000 |
| Equity capital | 40,226,000 | 40,429,000 | 41,401,000 | 42,377,000 |
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 | 3,343,000 | 6,522,000 | 9,769,000 | 13,174,000 |
| Interest expense | 839,000 | 1,548,000 | 2,196,000 | 2,762,000 |
| Net interest income | 2,504,000 | 4,974,000 | 7,573,000 | 10,412,000 |
| Noninterest income | 635,000 | 1,226,000 | 2,095,000 | 2,946,000 |
| Noninterest expense | 2,460,000 | 5,005,000 | 7,618,000 | 10,296,000 |
| Provision for loan losses | 0 | 15,000 | 60,000 | 187,000 |
| Pretax income | 679,000 | 1,180,000 | 1,990,000 | 2,875,000 |
| Income tax | 45,000 | 78,000 | 134,000 | 127,000 |
| Net income | 634,000 | 1,102,000 | 1,856,000 | 2,748,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 38,155,000 | 38,232,000 | 38,987,000 | 39,878,000 |
| Total capital | 40,115,000 | 40,153,000 | 40,968,000 | 41,989,000 |
| Risk-weighted assets | 241,909,000 | 243,777,000 | 256,546,000 | 267,361,000 |