Call reports 2022
SOUTH CENTRAL BANK, INC. — 2022
What SOUTH CENTRAL BANK, INC. reported to the FFIEC in 2022, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Total assets | 1,603,115,000 | 1,613,977,000 | 1,633,909,000 | 1,734,843,000 |
| Total loans | 1,166,615,000 | 1,236,505,000 | 1,251,088,000 | 1,286,270,000 |
| Allowance for loan losses | 12,054,000 | 12,839,000 | 13,042,000 | 13,260,000 |
| Securities available for sale | 310,700,000 | 286,710,000 | 269,533,000 | 276,878,000 |
| Securities held to maturity | 210,000 | 209,000 | 209,000 | 209,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,408,182,000 | 1,423,964,000 | 1,439,026,000 | 1,521,047,000 |
| Interest-bearing deposits | 1,002,665,000 | 1,009,668,000 | 1,003,380,000 | 1,110,432,000 |
| Noninterest-bearing deposits | 405,517,000 | 414,296,000 | 435,646,000 | 410,615,000 |
| Equity capital | 145,516,000 | 138,738,000 | 138,787,000 | 141,433,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Interest income | 13,181,000 | 27,300,000 | 42,808,000 | 60,056,000 |
| Interest expense | 1,080,000 | 2,281,000 | 4,094,000 | 7,124,000 |
| Net interest income | 12,101,000 | 25,019,000 | 38,714,000 | 52,932,000 |
| Noninterest income | 3,679,000 | 7,437,000 | 10,830,000 | 13,753,000 |
| Noninterest expense | 9,723,000 | 19,525,000 | 29,643,000 | 39,677,000 |
| Provision for loan losses | 515,000 | 1,298,000 | 1,566,000 | 1,801,000 |
| Pretax income | 5,542,000 | 11,645,000 | 18,347,000 | 25,219,000 |
| Income tax | 1,269,000 | 2,813,000 | 4,505,000 | 6,073,000 |
| Net income | 4,273,000 | 8,832,000 | 13,842,000 | 19,146,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Tier 1 capital | 153,326,000 | 155,904,000 | 160,933,000 | 162,256,000 |
| Total capital | 165,936,000 | 169,299,000 | 174,531,000 | 176,072,000 |
| Risk-weighted assets | 1,274,892,000 | 1,312,149,000 | 1,356,126,000 | 1,399,928,000 |