Call reports 2017
SOUTHPOINT BANK — 2017
What SOUTHPOINT BANK reported to the FFIEC in 2017, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Total assets | 286,957,000 | 297,994,000 | 302,276,000 | 309,107,000 |
| Total loans | 229,230,000 | 233,640,000 | 243,947,000 | 249,910,000 |
| Allowance for loan losses | 3,408,000 | 3,485,000 | 3,487,000 | 3,566,000 |
| Securities available for sale | 42,049,000 | 42,428,000 | 41,862,000 | 41,163,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 254,751,000 | 256,722,000 | 255,288,000 | 249,367,000 |
| Interest-bearing deposits | 221,812,000 | 228,353,000 | 228,364,000 | 219,298,000 |
| Noninterest-bearing deposits | 32,940,000 | 28,369,000 | 26,924,000 | 30,069,000 |
| Equity capital | 25,644,000 | 27,196,000 | 27,984,000 | 28,249,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Interest income | 3,154,000 | 6,419,000 | 9,750,000 | 13,246,000 |
| Interest expense | 360,000 | 765,000 | 1,197,000 | 1,751,000 |
| Net interest income | 2,794,000 | 5,654,000 | 8,553,000 | 11,495,000 |
| Noninterest income | 1,285,000 | 2,819,000 | 4,172,000 | 5,559,000 |
| Noninterest expense | 2,682,000 | 5,503,000 | 8,276,000 | 11,330,000 |
| Provision for loan losses | 75,000 | 150,000 | 225,000 | 300,000 |
| Pretax income | 1,322,000 | 2,820,000 | 4,208,000 | 5,404,000 |
| Income tax | 402,000 | 857,000 | 1,362,000 | 2,108,000 |
| Net income | 920,000 | 1,963,000 | 2,846,000 | 3,296,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Tier 1 capital | 25,766,000 | 26,809,000 | 27,693,000 | 28,122,000 |
| Total capital | 28,916,000 | 30,040,000 | 31,062,000 | 31,631,000 |
| Risk-weighted assets | 251,722,000 | 258,227,000 | 269,430,000 | 280,683,000 |