Call reports 2016
SOUTHERN BANK — 2016
What SOUTHERN BANK reported to the FFIEC in 2016, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Total assets | 78,952,000 | 77,406,000 | 78,322,000 | 80,539,000 |
| Total loans | 51,825,000 | 51,197,000 | 51,926,000 | 50,114,000 |
| Allowance for loan losses | 606,000 | 630,000 | 567,000 | 551,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 15,931,000 | 15,491,000 | 14,764,000 | 16,108,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 69,616,000 | 68,130,000 | 68,863,000 | 71,061,000 |
| Interest-bearing deposits | 57,833,000 | 56,920,000 | 56,635,000 | 58,488,000 |
| Noninterest-bearing deposits | 11,783,000 | 11,210,000 | 12,228,000 | 12,573,000 |
| Equity capital | 8,946,000 | 9,067,000 | 9,147,000 | 9,187,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Interest income | 990,000 | 2,016,000 | 3,032,000 | 4,040,000 |
| Interest expense | 105,000 | 210,000 | 313,000 | 418,000 |
| Net interest income | 885,000 | 1,806,000 | 2,719,000 | 3,622,000 |
| Noninterest income | 44,000 | 49,000 | 142,000 | 242,000 |
| Noninterest expense | 759,000 | 1,507,000 | 2,281,000 | 3,016,000 |
| Provision for loan losses | 12,000 | 62,000 | 127,000 | 202,000 |
| Pretax income | 159,000 | 303,000 | 479,000 | 667,000 |
| Income tax | 13,000 | 33,000 | 51,000 | 199,000 |
| Net income | 146,000 | 270,000 | 428,000 | 468,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Tier 1 capital | 8,946,000 | 9,067,000 | 9,147,000 | 9,187,000 |
| Total capital | 9,552,000 | 9,697,000 | 9,714,000 | 9,738,000 |
| Risk-weighted assets | 50,999,000 | 52,485,000 | 51,401,000 | 56,009,000 |