Call reports 2020
PRIMESOUTH BANK — 2020
What PRIMESOUTH BANK 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 | 729,673,000 | 843,234,000 | 845,083,000 | 880,195,000 |
| Total loans | 595,787,000 | 636,117,000 | 659,255,000 | 663,272,000 |
| Allowance for loan losses | 7,739,000 | 9,587,000 | 10,068,000 | 9,654,000 |
| Securities available for sale | 67,953,000 | 69,325,000 | 68,191,000 | 76,190,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 646,128,000 | 755,650,000 | 756,895,000 | 789,726,000 |
| Interest-bearing deposits | 478,384,000 | 523,714,000 | 517,086,000 | 537,510,000 |
| Noninterest-bearing deposits | 167,744,000 | 231,936,000 | 239,809,000 | 252,216,000 |
| Equity capital | 79,958,000 | 82,069,000 | 83,504,000 | 86,675,000 |
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 | 8,719,000 | 17,259,000 | 25,895,000 | 34,434,000 |
| Interest expense | 1,661,000 | 3,111,000 | 4,293,000 | 5,215,000 |
| Net interest income | 7,058,000 | 14,148,000 | 21,602,000 | 29,219,000 |
| Noninterest income | 1,252,000 | 2,506,000 | 4,092,000 | 5,667,000 |
| Noninterest expense | 5,559,000 | 11,165,000 | 17,030,000 | 23,043,000 |
| Provision for loan losses | 370,000 | 970,000 | 1,570,000 | 894,000 |
| Pretax income | 2,381,000 | 4,519,000 | 7,098,000 | 10,956,000 |
| Income tax | 524,000 | 1,035,000 | 1,680,000 | 2,308,000 |
| Net income | 1,857,000 | 3,484,000 | 5,418,000 | 8,648,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 72,695,000 | 73,953,000 | 75,518,000 | 78,980,000 |
| Total capital | 79,816,000 | 81,523,000 | 83,198,000 | 86,881,000 |
| Risk-weighted assets | 568,937,000 | 603,527,000 | 611,851,000 | 630,270,000 |