Call reports 2024
SOUTHPOINT BANK — 2024
What SOUTHPOINT BANK reported to the FFIEC in 2024, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Total assets | 1,693,122,000 | 1,747,935,000 | 1,788,385,000 | 1,761,151,000 |
| Total loans | 1,558,139,000 | 1,551,801,000 | 1,545,122,000 | 1,497,265,000 |
| Allowance for loan losses | 17,433,000 | 19,209,000 | 18,923,000 | 13,364,000 |
| Securities available for sale | 33,877,000 | 33,677,000 | 44,450,000 | 58,849,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,393,100,000 | 1,496,905,000 | 1,626,731,000 | 1,624,894,000 |
| Interest-bearing deposits | 1,218,733,000 | 1,330,291,000 | 1,463,557,000 | 1,472,571,000 |
| Noninterest-bearing deposits | 174,367,000 | 166,614,000 | 163,174,000 | 152,323,000 |
| Equity capital | 140,256,000 | 144,524,000 | 150,060,000 | 125,843,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Interest income | 28,146,000 | 57,754,000 | 88,219,000 | 117,541,000 |
| Interest expense | 13,682,000 | 28,544,000 | 44,212,000 | 60,232,000 |
| Net interest income | 14,464,000 | 29,210,000 | 44,007,000 | 57,309,000 |
| Noninterest income | 1,663,000 | 3,315,000 | 5,408,000 | 6,643,000 |
| Noninterest expense | 8,277,000 | 17,465,000 | 26,094,000 | 33,757,000 |
| Provision for loan losses | 719,000 | 2,499,000 | 5,258,000 | 40,891,000 |
| Pretax income | 6,049,000 | 11,460,000 | 17,320,000 | -11,206,000 |
| Income tax | 1,304,000 | 2,498,000 | 3,791,000 | -3,276,000 |
| Net income | 4,745,000 | 8,962,000 | 13,529,000 | -7,930,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 133,601,000 | 137,884,000 | 142,477,000 | 120,486,000 |
| Total capital | — | 157,146,000 | 161,819,000 | 134,359,000 |
| Risk-weighted assets | — | 1,539,943,000 | 1,547,069,000 | 1,510,331,000 |