Call reports 2020
SOUTHPOINT BANK — 2020
What SOUTHPOINT BANK reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 446,859,000 | 535,066,000 | 557,083,000 | 576,023,000 |
| Total loans | 350,547,000 | 441,846,000 | 455,559,000 | 460,784,000 |
| Allowance for loan losses | 3,884,000 | 4,186,000 | 4,669,000 | 5,733,000 |
| Securities available for sale | 41,283,000 | 54,206,000 | 72,640,000 | 79,615,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 386,482,000 | 414,365,000 | 396,669,000 | 433,487,000 |
| Interest-bearing deposits | 339,502,000 | 330,185,000 | 307,660,000 | 340,988,000 |
| Noninterest-bearing deposits | 46,980,000 | 84,179,000 | 89,009,000 | 92,500,000 |
| Equity capital | 37,117,000 | 41,323,000 | 44,253,000 | 46,954,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 4,856,000 | 9,882,000 | 15,798,000 | 22,121,000 |
| Interest expense | 1,373,000 | 2,535,000 | 3,574,000 | 4,440,000 |
| Net interest income | 3,483,000 | 7,347,000 | 12,224,000 | 17,681,000 |
| Noninterest income | 2,022,000 | 5,401,000 | 10,632,000 | 15,181,000 |
| Noninterest expense | 4,017,000 | 8,891,000 | 14,957,000 | 21,139,000 |
| Provision for loan losses | 300,000 | 600,000 | 1,176,000 | 2,252,000 |
| Pretax income | 1,188,000 | 3,343,000 | 6,809,000 | 9,557,000 |
| Income tax | 262,000 | 738,000 | 1,503,000 | 2,109,000 |
| Net income | 926,000 | 2,605,000 | 5,306,000 | 7,448,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 38,180,000 | 39,860,000 | 42,561,000 | 44,701,000 |