Call reports 2020
SOUTHERN BANK — 2020
What SOUTHERN 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 | 79,651,000 | 84,455,000 | 87,478,000 | 92,644,000 |
| Total loans | 43,820,000 | 43,209,000 | 47,086,000 | 57,256,000 |
| Allowance for loan losses | 518,000 | 520,000 | 522,000 | 715,000 |
| Securities available for sale | 17,048,000 | 18,746,000 | 17,979,000 | 16,855,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 69,849,000 | 74,065,000 | 77,155,000 | 83,338,000 |
| Interest-bearing deposits | 50,697,000 | 51,762,000 | 54,037,000 | 58,558,000 |
| Noninterest-bearing deposits | 19,152,000 | 22,303,000 | 23,118,000 | 24,780,000 |
| Equity capital | 9,514,000 | 9,869,000 | 9,879,000 | 8,902,000 |
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 | 942,000 | 1,866,000 | 2,742,000 | 3,752,000 |
| Interest expense | 145,000 | 286,000 | 432,000 | 573,000 |
| Net interest income | 797,000 | 1,580,000 | 2,310,000 | 3,179,000 |
| Noninterest income | 45,000 | 100,000 | 168,000 | 109,000 |
| Noninterest expense | 746,000 | 1,452,000 | 2,225,000 | 4,028,000 |
| Provision for loan losses | 75,000 | 75,000 | 75,000 | 300,000 |
| Pretax income | 62,000 | 223,000 | 281,000 | -936,000 |
| Income tax | 0 | 27,000 | 33,000 | -218,000 |
| Net income | 62,000 | 196,000 | 248,000 | -718,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 9,601,000 | 9,733,000 | 9,788,000 | 8,822,000 |