Call reports 2020
SOUTH CENTRAL BANK, INC. — 2020
What SOUTH CENTRAL BANK, INC. reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 1,246,633,000 | 1,370,869,000 | 1,367,295,000 | 1,496,707,000 |
| Total loans | 922,236,000 | 1,010,555,000 | 1,047,948,000 | 1,004,041,000 |
| Allowance for loan losses | 10,203,000 | 10,505,000 | 10,985,000 | 11,051,000 |
| Securities available for sale | 169,140,000 | 142,602,000 | 202,316,000 | 236,761,000 |
| Securities held to maturity | 238,000 | 238,000 | 237,000 | 237,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,071,965,000 | 1,178,249,000 | 1,174,775,000 | 1,302,500,000 |
| Interest-bearing deposits | 838,190,000 | 875,932,000 | 871,068,000 | 977,808,000 |
| Noninterest-bearing deposits | 233,775,000 | 302,317,000 | 303,707,000 | 324,692,000 |
| Equity capital | 135,815,000 | 141,662,000 | 144,159,000 | 144,267,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 12,853,000 | 25,226,000 | 37,671,000 | 50,669,000 |
| Interest expense | 2,784,000 | 5,244,000 | 7,425,000 | 9,265,000 |
| Net interest income | 10,069,000 | 19,982,000 | 30,246,000 | 41,404,000 |
| Noninterest income | 2,790,000 | 7,662,000 | 13,184,000 | 18,753,000 |
| Noninterest expense | 8,956,000 | 18,068,000 | 27,838,000 | 38,152,000 |
| Provision for loan losses | 77,000 | 352,000 | 861,000 | 1,023,000 |
| Pretax income | 3,829,000 | 9,228,000 | 14,735,000 | 20,986,000 |
| Income tax | 754,000 | 1,835,000 | 2,943,000 | 4,046,000 |
| Net income | 3,075,000 | 7,393,000 | 11,792,000 | 16,940,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 131,991,000 | 134,331,000 | 136,749,000 | 136,917,000 |
| Total capital | 142,337,000 | 144,978,000 | 147,877,000 | 148,110,000 |
| Risk-weighted assets | 959,143,000 | 971,791,000 | 998,678,000 | 974,050,000 |