Call reports 2024
SOUTHERN BANK — 2024
What SOUTHERN BANK reported to the FFIEC in 2024, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Total assets | 305,605,000 | 318,185,000 | 331,529,000 | 337,620,000 |
| Total loans | 182,767,000 | 197,019,000 | 201,525,000 | 197,599,000 |
| Allowance for loan losses | 2,200,000 | 2,203,000 | 2,349,000 | 2,065,000 |
| Securities available for sale | 86,520,000 | 87,003,000 | 97,127,000 | 94,448,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 271,728,000 | 274,924,000 | 285,436,000 | 287,800,000 |
| Interest-bearing deposits | 240,422,000 | 243,437,000 | 250,268,000 | 246,453,000 |
| Noninterest-bearing deposits | 31,306,000 | 31,487,000 | 35,168,000 | 41,347,000 |
| Equity capital | 22,333,000 | 26,753,000 | 28,265,000 | 28,078,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Interest income | 4,249,000 | 8,784,000 | 13,716,000 | 18,650,000 |
| Interest expense | 2,288,000 | 4,704,000 | 7,237,000 | 9,675,000 |
| Net interest income | 1,961,000 | 4,080,000 | 6,479,000 | 8,975,000 |
| Noninterest income | 172,000 | 516,000 | 733,000 | 904,000 |
| Noninterest expense | 2,069,000 | 4,281,000 | 6,577,000 | 8,835,000 |
| Provision for loan losses | 0 | 150,000 | 300,000 | 450,000 |
| Pretax income | 59,000 | 160,000 | 329,000 | 606,000 |
| Income tax | -23,000 | -2,000 | 39,000 | 99,000 |
| Net income | 82,000 | 162,000 | 290,000 | 507,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 25,931,000 | 30,011,000 | 31,139,000 | 31,356,000 |