Call reports 2021
SOUTHPOINT BANK — 2021
What SOUTHPOINT BANK reported to the FFIEC in 2021, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Total assets | 608,971,000 | 633,670,000 | 672,493,000 | 718,818,000 |
| Total loans | 465,876,000 | 497,111,000 | 551,470,000 | 617,307,000 |
| Allowance for loan losses | 6,318,000 | 6,807,000 | 7,331,000 | 9,809,000 |
| Securities available for sale | 78,840,000 | 83,762,000 | 63,895,000 | 46,451,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 504,307,000 | 543,355,000 | 542,662,000 | 593,215,000 |
| Interest-bearing deposits | 480,477,000 | 527,721,000 | 532,686,000 | 547,209,000 |
| Noninterest-bearing deposits | 23,830,000 | 15,635,000 | 9,976,000 | 46,006,000 |
| Equity capital | 47,788,000 | 56,569,000 | 62,038,000 | 62,438,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Interest income | 6,285,000 | 13,106,000 | 20,473,000 | 28,803,000 |
| Interest expense | 846,000 | 1,724,000 | 2,575,000 | 3,419,000 |
| Net interest income | 5,439,000 | 11,382,000 | 17,898,000 | 25,384,000 |
| Noninterest income | 3,990,000 | 7,556,000 | 10,729,000 | 13,452,000 |
| Noninterest expense | 6,167,000 | 11,866,000 | 18,014,000 | 24,699,000 |
| Provision for loan losses | 585,000 | 1,171,000 | 1,566,000 | 4,116,000 |
| Pretax income | 2,677,000 | 5,936,000 | 10,683,000 | 11,668,000 |
| Income tax | 591,000 | 1,310,000 | 2,358,000 | 2,449,000 |
| Net income | 2,086,000 | 4,626,000 | 8,325,000 | 9,219,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Tier 1 capital | 47,056,000 | 54,834,000 | 61,533,000 | 62,426,000 |