Call reports 2021
SOUTHERN BANK — 2021
What SOUTHERN BANK reported to the FFIEC in 2021, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Total assets | 103,403,000 | 123,930,000 | 125,590,000 | 144,609,000 |
| Total loans | 63,441,000 | 73,738,000 | 84,770,000 | 100,230,000 |
| Allowance for loan losses | 749,000 | 818,000 | 893,000 | 962,000 |
| Securities available for sale | 24,107,000 | 23,543,000 | 23,570,000 | 27,788,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 93,721,000 | 110,335,000 | 111,929,000 | 126,633,000 |
| Interest-bearing deposits | 67,599,000 | 84,214,000 | 84,945,000 | 98,725,000 |
| Noninterest-bearing deposits | 26,122,000 | 26,121,000 | 26,984,000 | 27,908,000 |
| Equity capital | 9,393,000 | 13,108,000 | 13,230,000 | 17,659,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Interest income | 1,006,000 | 2,218,000 | 3,518,000 | 4,921,000 |
| Interest expense | 118,000 | 243,000 | 375,000 | 510,000 |
| Net interest income | 888,000 | 1,975,000 | 3,143,000 | 4,411,000 |
| Noninterest income | 83,000 | 137,000 | 219,000 | 295,000 |
| Noninterest expense | 826,000 | 1,775,000 | 2,824,000 | 4,020,000 |
| Provision for loan losses | 70,000 | 145,000 | 220,000 | 300,000 |
| Pretax income | 75,000 | 192,000 | 318,000 | 391,000 |
| Income tax | 12,000 | 39,000 | 70,000 | -18,000 |
| Net income | 63,000 | 153,000 | 248,000 | 409,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Tier 1 capital | 9,484,000 | 13,075,000 | 13,170,000 | 17,831,000 |