Call reports 2023
SOUTH CENTRAL BANK, INC. — 2023
What SOUTH CENTRAL BANK, INC. reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Total assets | 1,731,466,000 | 1,744,666,000 | 1,749,914,000 | 1,853,741,000 |
| Total loans | 1,291,961,000 | 1,339,393,000 | 1,377,639,000 | 1,413,380,000 |
| Allowance for loan losses | 12,978,000 | 13,413,000 | 13,781,000 | 14,134,000 |
| Securities available for sale | 260,243,000 | 251,082,000 | 237,381,000 | 280,729,000 |
| Securities held to maturity | 195,000 | 195,000 | 194,000 | 194,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,524,537,000 | 1,537,897,000 | 1,551,328,000 | 1,645,633,000 |
| Interest-bearing deposits | 1,125,054,000 | 1,136,727,000 | 1,150,301,000 | 1,259,747,000 |
| Noninterest-bearing deposits | 399,483,000 | 401,170,000 | 401,027,000 | 385,886,000 |
| Equity capital | 147,048,000 | 146,546,000 | 144,567,000 | 155,938,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Interest income | 18,750,000 | 38,858,000 | 60,455,000 | 83,435,000 |
| Interest expense | 4,786,000 | 10,990,000 | 18,673,000 | 27,490,000 |
| Net interest income | 13,964,000 | 27,868,000 | 41,782,000 | 55,945,000 |
| Noninterest income | 3,249,000 | 6,343,000 | 9,806,000 | 12,661,000 |
| Noninterest expense | 10,060,000 | 20,278,000 | 30,870,000 | 40,605,000 |
| Provision for loan losses | 256,000 | 741,000 | 1,168,000 | 1,716,000 |
| Pretax income | 6,897,000 | 13,193,000 | 19,550,000 | 26,543,000 |
| Income tax | 1,679,000 | 3,210,000 | 4,737,000 | 6,431,000 |
| Net income | 5,218,000 | 9,983,000 | 14,813,000 | 20,112,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 165,493,000 | 168,277,000 | 171,125,000 | 176,444,000 |
| Total capital | 179,528,000 | 182,746,000 | 185,963,000 | 191,378,000 |
| Risk-weighted assets | 1,404,179,000 | 1,459,242,000 | 1,490,657,000 | 1,517,228,000 |