Call reports 2021
SOUTHERN BANK OF TENNESSEE — 2021
What SOUTHERN BANK OF TENNESSEE 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 | 358,587,000 | 363,124,000 | 372,514,000 | 376,613,000 |
| Total loans | 239,520,000 | 238,655,000 | 246,580,000 | 254,494,000 |
| Allowance for loan losses | 2,293,000 | 2,349,000 | 2,372,000 | 2,374,000 |
| Securities available for sale | 26,456,000 | 37,123,000 | 43,502,000 | 46,598,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 315,417,000 | 318,890,000 | 327,933,000 | 331,629,000 |
| Interest-bearing deposits | 259,772,000 | 260,140,000 | 265,579,000 | 262,874,000 |
| Noninterest-bearing deposits | 55,645,000 | 58,750,000 | 62,354,000 | 68,755,000 |
| Equity capital | 42,491,000 | 42,782,000 | 43,765,000 | 44,434,000 |
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 | 3,266,000 | 6,518,000 | 9,863,000 | 13,143,000 |
| Interest expense | 449,000 | 830,000 | 1,184,000 | 1,504,000 |
| Net interest income | 2,817,000 | 5,688,000 | 8,679,000 | 11,639,000 |
| Noninterest income | 910,000 | 1,807,000 | 2,611,000 | 3,269,000 |
| Noninterest expense | 2,651,000 | 5,399,000 | 8,150,000 | 10,971,000 |
| Provision for loan losses | 184,000 | 238,000 | 258,000 | 258,000 |
| Pretax income | 892,000 | 1,858,000 | 2,882,000 | 3,679,000 |
| Income tax | 58,000 | 121,000 | 188,000 | -71,000 |
| Net income | 834,000 | 1,737,000 | 2,694,000 | 3,750,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Tier 1 capital | 39,930,000 | 40,153,000 | 41,110,000 | 42,166,000 |
| Total capital | 42,223,000 | 42,502,000 | 43,482,000 | 44,540,000 |
| Risk-weighted assets | 265,188,000 | 271,028,000 | 277,744,000 | 286,196,000 |