Call reports 2022
SOUTHPOINT BANK — 2022
What SOUTHPOINT BANK reported to the FFIEC in 2022, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Total assets | 1,079,968,000 | 1,089,426,000 | 1,255,648,000 | 1,366,149,000 |
| Total loans | 847,641,000 | 922,450,000 | 1,056,161,000 | 1,149,680,000 |
| Allowance for loan losses | 10,415,000 | 9,423,000 | 10,070,000 | 11,593,000 |
| Securities available for sale | 42,239,000 | 37,257,000 | 34,203,000 | 34,903,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 963,453,000 | 933,095,000 | 936,933,000 | 913,685,000 |
| Interest-bearing deposits | 791,145,000 | 635,159,000 | 611,231,000 | 620,967,000 |
| Noninterest-bearing deposits | 172,308,000 | 297,935,000 | 325,702,000 | 292,718,000 |
| Equity capital | 110,047,000 | 110,010,000 | 112,563,000 | 117,569,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Interest income | 9,964,000 | 20,822,000 | 34,497,000 | 52,995,000 |
| Interest expense | 1,086,000 | 2,168,000 | 3,963,000 | 8,169,000 |
| Net interest income | 8,878,000 | 18,654,000 | 30,534,000 | 44,826,000 |
| Noninterest income | 2,644,000 | 5,512,000 | 7,560,000 | 8,215,000 |
| Noninterest expense | 8,069,000 | 15,813,000 | 23,927,000 | 31,855,000 |
| Provision for loan losses | 600,000 | 1,200,000 | 1,925,000 | 3,475,000 |
| Pretax income | 2,853,000 | 7,153,000 | 12,242,000 | 17,711,000 |
| Income tax | 675,000 | 1,578,000 | 2,702,000 | 3,909,000 |
| Net income | 2,178,000 | 5,575,000 | 9,540,000 | 13,802,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Tier 1 capital | 99,393,000 | 103,022,000 | 107,045,000 | 111,016,000 |