Call reports 2016
SOUTHPOINT BANK — 2016
What SOUTHPOINT BANK reported to the FFIEC in 2016, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Total assets | 238,857,000 | 251,337,000 | 269,390,000 | 277,293,000 |
| Total loans | 186,315,000 | 194,531,000 | 207,676,000 | 221,035,000 |
| Allowance for loan losses | 3,098,000 | 3,099,000 | 3,102,000 | 3,275,000 |
| Securities available for sale | 41,938,000 | 45,326,000 | 44,524,000 | 40,831,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 191,205,000 | 214,201,000 | 240,328,000 | 247,764,000 |
| Interest-bearing deposits | 167,197,000 | 187,712,000 | 214,351,000 | 218,680,000 |
| Noninterest-bearing deposits | 24,008,000 | 26,489,000 | 25,977,000 | 29,084,000 |
| Equity capital | 22,799,000 | 24,046,000 | 24,967,000 | 24,397,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Interest income | 2,580,000 | 5,251,000 | 8,109,000 | 11,115,000 |
| Interest expense | 439,000 | 888,000 | 1,312,000 | 1,655,000 |
| Net interest income | 2,141,000 | 4,363,000 | 6,797,000 | 9,460,000 |
| Noninterest income | 920,000 | 2,404,000 | 4,408,000 | 5,952,000 |
| Noninterest expense | 2,298,000 | 4,961,000 | 8,140,000 | 11,025,000 |
| Provision for loan losses | 0 | 0 | 0 | 175,000 |
| Pretax income | 763,000 | 1,806,000 | 3,065,000 | 4,250,000 |
| Income tax | 233,000 | 551,000 | 800,000 | 1,148,000 |
| Net income | 530,000 | 1,255,000 | 2,265,000 | 3,102,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Tier 1 capital | 22,277,000 | 23,001,000 | 24,010,000 | 24,847,000 |
| Total capital | 24,842,000 | 25,686,000 | 26,877,000 | 27,824,000 |
| Risk-weighted assets | 204,704,000 | 214,393,000 | 229,137,000 | 237,866,000 |