Call reports 2023
SOUTH STORY BANK & TRUST — 2023
What SOUTH STORY BANK & TRUST 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 | 428,557,000 | 452,088,000 | 485,998,000 | 496,471,000 |
| Total loans | 387,631,000 | 405,636,000 | 437,731,000 | 458,899,000 |
| Allowance for loan losses | 4,215,000 | 4,315,000 | 4,366,000 | 4,366,000 |
| Securities available for sale | 11,715,000 | 11,046,000 | 10,166,000 | 9,924,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 341,771,000 | 359,803,000 | 385,395,000 | 357,478,000 |
| Interest-bearing deposits | 283,425,000 | 301,459,000 | 322,756,000 | 303,868,000 |
| Noninterest-bearing deposits | 58,346,000 | 58,344,000 | 62,639,000 | 53,610,000 |
| Equity capital | 61,150,000 | 61,205,000 | 61,243,000 | 61,652,000 |
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 | 4,962,000 | 10,479,000 | 16,916,000 | 23,706,000 |
| Interest expense | 2,125,000 | 4,752,000 | 8,079,000 | 11,733,000 |
| Net interest income | 2,837,000 | 5,727,000 | 8,837,000 | 11,973,000 |
| Noninterest income | 255,000 | 493,000 | 771,000 | 1,141,000 |
| Noninterest expense | 2,701,000 | 5,534,000 | 8,622,000 | 11,910,000 |
| Provision for loan losses | 150,000 | 250,000 | 300,000 | 300,000 |
| Pretax income | 246,000 | 440,000 | 677,000 | 890,000 |
| Income tax | 59,000 | 103,000 | 163,000 | 233,000 |
| Net income | 187,000 | 337,000 | 514,000 | 657,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 53,856,000 | 54,075,000 | 54,311,000 | 54,509,000 |