Call reports 2021
SOUTH CENTRAL BANK, INC. — 2021
What SOUTH CENTRAL BANK, INC. reported to the FFIEC in 2021, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Total assets | 1,612,098,000 | 1,569,334,000 | 1,534,938,000 | 1,591,396,000 |
| Total loans | 1,023,819,000 | 1,017,272,000 | 1,022,796,000 | 1,109,342,000 |
| Allowance for loan losses | 11,120,000 | 11,225,000 | 11,227,000 | 11,644,000 |
| Securities available for sale | 287,639,000 | 355,945,000 | 372,270,000 | 360,298,000 |
| Securities held to maturity | 224,000 | 224,000 | 223,000 | 223,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,374,665,000 | 1,350,536,000 | 1,328,981,000 | 1,386,016,000 |
| Interest-bearing deposits | 997,070,000 | 987,018,000 | 960,286,000 | 1,009,297,000 |
| Noninterest-bearing deposits | 377,595,000 | 363,518,000 | 368,695,000 | 376,719,000 |
| Equity capital | 146,599,000 | 150,680,000 | 155,228,000 | 155,099,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Interest income | 12,456,000 | 26,282,000 | 42,238,000 | 55,761,000 |
| Interest expense | 1,576,000 | 2,932,000 | 4,144,000 | 5,274,000 |
| Net interest income | 10,880,000 | 23,350,000 | 38,094,000 | 50,487,000 |
| Noninterest income | 5,581,000 | 10,846,000 | 15,062,000 | 19,443,000 |
| Noninterest expense | 9,250,000 | 18,793,000 | 28,769,000 | 38,886,000 |
| Provision for loan losses | 73,000 | 141,000 | 218,000 | 721,000 |
| Pretax income | 7,138,000 | 15,262,000 | 24,169,000 | 30,323,000 |
| Income tax | 1,722,000 | 3,691,000 | 5,871,000 | 7,303,000 |
| Net income | 5,416,000 | 11,571,000 | 18,298,000 | 23,020,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Tier 1 capital | 140,372,000 | 144,545,000 | 149,293,000 | 151,034,000 |
| Total capital | 151,634,000 | 155,913,000 | 160,663,000 | 163,234,000 |
| Risk-weighted assets | 984,982,000 | 962,797,000 | 973,462,000 | 1,220,158,000 |