Call reports 2023
SOUTHERN BANK — 2023
What SOUTHERN BANK reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Total assets | 236,479,000 | 250,257,000 | 264,265,000 | 294,523,000 |
| Total loans | 159,444,000 | 160,487,000 | 172,212,000 | 183,992,000 |
| Allowance for loan losses | 2,181,000 | 1,983,000 | 2,066,000 | 2,204,000 |
| Securities available for sale | 51,149,000 | 58,906,000 | 63,002,000 | 79,331,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 213,297,000 | 222,547,000 | 236,829,000 | 258,460,000 |
| Interest-bearing deposits | 184,913,000 | 193,124,000 | 208,327,000 | 229,916,000 |
| Noninterest-bearing deposits | 28,385,000 | 29,423,000 | 28,502,000 | 28,544,000 |
| Equity capital | 22,283,000 | 21,816,000 | 21,199,000 | 21,827,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Interest income | 2,776,000 | 5,954,000 | 9,371,000 | 13,537,000 |
| Interest expense | 883,000 | 2,161,000 | 3,784,000 | 5,780,000 |
| Net interest income | 1,893,000 | 3,793,000 | 5,587,000 | 7,757,000 |
| Noninterest income | 143,000 | 349,000 | 529,000 | 711,000 |
| Noninterest expense | 1,685,000 | 3,535,000 | 5,379,000 | 7,303,000 |
| Provision for loan losses | 150,000 | 300,000 | 430,000 | 585,000 |
| Pretax income | 201,000 | 307,000 | 287,000 | 552,000 |
| Income tax | 45,000 | 68,000 | 63,000 | 137,000 |
| Net income | 156,000 | 239,000 | 224,000 | 415,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 25,590,000 | 25,673,000 | 25,658,000 | 25,848,000 |