Call reports 2023
SOUTHERN BANK OF TENNESSEE — 2023
What SOUTHERN BANK OF TENNESSEE 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 | 372,208,000 | 367,717,000 | 394,051,000 | 402,334,000 |
| Total loans | 270,072,000 | 275,069,000 | 277,484,000 | 278,661,000 |
| Allowance for loan losses | 2,581,000 | 2,654,000 | 2,732,000 | 2,640,000 |
| Securities available for sale | 65,322,000 | 57,180,000 | 55,855,000 | 56,815,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 328,478,000 | 323,982,000 | 342,565,000 | 344,377,000 |
| Interest-bearing deposits | 271,671,000 | 270,653,000 | 292,807,000 | 299,745,000 |
| Noninterest-bearing deposits | 56,807,000 | 53,329,000 | 49,758,000 | 44,632,000 |
| Equity capital | 42,061,000 | 41,568,000 | 39,263,000 | 40,321,000 |
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 | 4,307,000 | 8,945,000 | 14,168,000 | 19,481,000 |
| Interest expense | 1,294,000 | 2,988,000 | 5,241,000 | 7,859,000 |
| Net interest income | 3,013,000 | 5,957,000 | 8,927,000 | 11,622,000 |
| Noninterest income | 319,000 | 640,000 | 866,000 | 999,000 |
| Noninterest expense | 2,669,000 | 5,485,000 | 8,123,000 | 10,716,000 |
| Provision for loan losses | 0 | 171,000 | 249,000 | 160,000 |
| Pretax income | 663,000 | 1,112,000 | 1,670,000 | 1,905,000 |
| Income tax | 37,000 | 73,000 | 110,000 | -103,000 |
| Net income | 626,000 | 1,039,000 | 1,560,000 | 2,008,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 42,634,000 | 42,994,000 | 40,789,000 | 40,782,000 |
| Total capital | 45,640,000 | 46,000,000 | 43,795,000 | 43,784,000 |
| Risk-weighted assets | 295,107,000 | 299,120,000 | 301,540,000 | 300,066,000 |