Call reports 2018
SOUTHPOINT BANK — 2018
What SOUTHPOINT BANK reported to the FFIEC in 2018, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Total assets | 321,890,000 | 337,669,000 | 374,888,000 | 365,096,000 |
| Total loans | 258,691,000 | 267,365,000 | 289,462,000 | 305,557,000 |
| Allowance for loan losses | 3,558,000 | 3,555,000 | 3,531,000 | 3,555,000 |
| Securities available for sale | 37,748,000 | 37,859,000 | 37,023,000 | 36,417,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 261,849,000 | 306,224,000 | 341,491,000 | 313,981,000 |
| Interest-bearing deposits | 228,002,000 | 272,653,000 | 301,653,000 | 276,369,000 |
| Noninterest-bearing deposits | 33,847,000 | 33,571,000 | 39,838,000 | 37,612,000 |
| Equity capital | 28,593,000 | 29,873,000 | 30,546,000 | 32,600,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Interest income | 3,526,000 | 7,296,000 | 11,436,000 | 15,952,000 |
| Interest expense | 666,000 | 1,467,000 | 2,427,000 | 3,530,000 |
| Net interest income | 2,860,000 | 5,829,000 | 9,009,000 | 12,422,000 |
| Noninterest income | 934,000 | 2,714,000 | 3,942,000 | 5,128,000 |
| Noninterest expense | 2,674,000 | 5,830,000 | 8,878,000 | 12,115,000 |
| Provision for loan losses | 10,000 | 10,000 | 10,000 | 10,000 |
| Pretax income | 1,165,000 | 2,758,000 | 4,118,000 | 5,500,000 |
| Income tax | 256,000 | 607,000 | 896,000 | 1,029,000 |
| Net income | 909,000 | 2,151,000 | 3,222,000 | 4,471,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Tier 1 capital | 29,031,000 | 30,273,000 | 31,344,000 | 33,093,000 |
| Total capital | 32,589,000 | 33,828,000 | 34,875,000 | 36,648,000 |
| Risk-weighted assets | 292,014,000 | 297,301,000 | 325,591,000 | 333,468,000 |