Call reports 2023
SOUTHPOINT BANK — 2023
What SOUTHPOINT BANK reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Total assets | 1,433,526,000 | 1,506,875,000 | 1,643,186,000 | 1,659,022,000 |
| Total loans | 1,195,668,000 | 1,289,902,000 | 1,396,200,000 | 1,482,800,000 |
| Allowance for loan losses | 12,415,000 | 13,670,000 | 15,041,000 | 17,222,000 |
| Securities available for sale | 35,080,000 | 34,490,000 | 32,216,000 | 34,862,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,043,436,000 | 1,090,617,000 | 1,228,010,000 | 1,378,170,000 |
| Interest-bearing deposits | 759,770,000 | 812,467,000 | 977,007,000 | 1,199,771,000 |
| Noninterest-bearing deposits | 283,666,000 | 278,150,000 | 251,004,000 | 178,399,000 |
| Equity capital | 129,543,000 | 133,724,000 | 140,174,000 | 138,782,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Interest income | 19,639,000 | 41,275,000 | 66,323,000 | 92,954,000 |
| Interest expense | 6,912,000 | 15,173,000 | 26,085,000 | 38,469,000 |
| Net interest income | 12,727,000 | 26,102,000 | 40,238,000 | 54,485,000 |
| Noninterest income | 1,731,000 | 3,362,000 | 5,081,000 | 6,417,000 |
| Noninterest expense | 8,006,000 | 16,490,000 | 24,480,000 | 33,392,000 |
| Provision for loan losses | 900,000 | 1,800,000 | 3,200,000 | 5,400,000 |
| Pretax income | 5,551,000 | 11,173,000 | 17,638,000 | 22,109,000 |
| Income tax | 1,225,000 | 2,466,000 | 3,861,000 | 4,848,000 |
| Net income | 4,326,000 | 8,707,000 | 13,777,000 | 17,261,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 122,639,000 | 127,088,000 | 135,226,000 | 131,626,000 |