Call reports 2022
SOUTHERN BANK — 2022
What SOUTHERN BANK reported to the FFIEC in 2022, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Total assets | 164,120,000 | 184,681,000 | 203,858,000 | 224,391,000 |
| Total loans | 115,368,000 | 133,967,000 | 141,997,000 | 152,117,000 |
| Allowance for loan losses | 1,112,000 | 1,258,000 | 1,396,000 | 1,526,000 |
| Securities available for sale | 30,417,000 | 34,165,000 | 37,771,000 | 48,120,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 147,585,000 | 168,798,000 | 183,949,000 | 201,434,000 |
| Interest-bearing deposits | 119,228,000 | 138,803,000 | 150,661,000 | 169,705,000 |
| Noninterest-bearing deposits | 28,357,000 | 29,994,000 | 33,289,000 | 31,728,000 |
| Equity capital | 16,191,000 | 15,345,000 | 19,258,000 | 22,177,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Interest income | 1,542,000 | 3,383,000 | 5,455,000 | 8,155,000 |
| Interest expense | 140,000 | 351,000 | 670,000 | 1,282,000 |
| Net interest income | 1,402,000 | 3,032,000 | 4,785,000 | 6,873,000 |
| Noninterest income | 122,000 | 238,000 | 363,000 | 425,000 |
| Noninterest expense | 1,305,000 | 2,753,000 | 4,368,000 | 6,067,000 |
| Provision for loan losses | 150,000 | 300,000 | 450,000 | 600,000 |
| Pretax income | 69,000 | 217,000 | 330,000 | 631,000 |
| Income tax | 15,000 | 39,000 | 59,000 | 126,000 |
| Net income | 54,000 | 178,000 | 271,000 | 505,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Tier 1 capital | 17,885,000 | 18,009,000 | 23,102,000 | 25,837,000 |