Call reports 2020
BANK OF THE SOUTH — 2020
What BANK OF THE SOUTH reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 73,839,000 | 83,633,000 | 83,208,000 | 81,230,000 |
| Total loans | 25,853,000 | 29,609,000 | 31,112,000 | 29,556,000 |
| Allowance for loan losses | 267,000 | 267,000 | 272,000 | 281,000 |
| Securities available for sale | 12,334,000 | 12,315,000 | 12,278,000 | 12,233,000 |
| Securities held to maturity | 25,010,000 | 25,345,000 | 26,417,000 | 28,386,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 59,076,000 | 68,905,000 | 68,481,000 | 66,467,000 |
| Interest-bearing deposits | 41,891,000 | 45,092,000 | 46,332,000 | 45,605,000 |
| Noninterest-bearing deposits | 17,185,000 | 23,813,000 | 22,149,000 | 20,862,000 |
| Equity capital | 14,730,000 | 14,697,000 | 14,714,000 | 14,756,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 463,000 | 919,000 | 1,406,000 | 1,938,000 |
| Interest expense | 32,000 | 61,000 | 82,000 | 99,000 |
| Net interest income | 431,000 | 858,000 | 1,324,000 | 1,839,000 |
| Noninterest income | 62,000 | 128,000 | 193,000 | 254,000 |
| Noninterest expense | 482,000 | 999,000 | 1,462,000 | 1,928,000 |
| Provision for loan losses | 0 | 0 | 6,000 | 15,000 |
| Pretax income | 11,000 | -13,000 | 49,000 | 150,000 |
| Income tax | 1,000 | -5,000 | 11,000 | 34,000 |
| Net income | 10,000 | -8,000 | 38,000 | 116,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 14,469,000 | 14,452,000 | 14,497,000 | 14,938,000 |