Call reports 2016
SOUTH CENTRAL BANK, INC. — 2016
What SOUTH CENTRAL BANK, INC. reported to the FFIEC in 2016, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Total assets | 915,841,000 | 907,971,000 | 932,390,000 | 968,843,000 |
| Total loans | 569,476,000 | 600,998,000 | 618,630,000 | 653,398,000 |
| Allowance for loan losses | 8,528,000 | 8,717,000 | 8,838,000 | 9,065,000 |
| Securities available for sale | 214,905,000 | 204,098,000 | 191,902,000 | 213,599,000 |
| Securities held to maturity | 956,000 | 955,000 | 955,000 | 955,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 781,912,000 | 776,541,000 | 798,417,000 | 848,711,000 |
| Interest-bearing deposits | 610,573,000 | 609,721,000 | 614,552,000 | 667,591,000 |
| Noninterest-bearing deposits | 171,339,000 | 166,820,000 | 183,865,000 | 181,120,000 |
| Equity capital | 108,548,000 | 109,920,000 | 111,760,000 | 99,583,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Interest income | 8,506,000 | 17,405,000 | 26,104,000 | 35,083,000 |
| Interest expense | 873,000 | 1,802,000 | 2,792,000 | 3,782,000 |
| Net interest income | 7,633,000 | 15,603,000 | 23,312,000 | 31,301,000 |
| Noninterest income | 2,236,000 | 4,686,000 | 7,436,000 | 10,476,000 |
| Noninterest expense | 7,460,000 | 15,048,000 | 22,690,000 | 30,473,000 |
| Provision for loan losses | 112,000 | 407,000 | 676,000 | 1,123,000 |
| Pretax income | 2,297,000 | 4,919,000 | 7,467,000 | 10,266,000 |
| Income tax | 659,000 | 1,426,000 | 2,167,000 | 2,990,000 |
| Net income | 1,638,000 | 3,493,000 | 5,300,000 | 7,276,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Tier 1 capital | 107,159,000 | 108,154,000 | 109,962,000 | 102,898,000 |
| Total capital | 114,950,000 | 116,539,000 | 118,621,000 | 111,963,000 |
| Risk-weighted assets | 622,581,000 | 670,429,000 | 692,571,000 | 737,297,000 |