Call reports 2023
PREMIER BANK OF THE SOUTH — 2023
What PREMIER BANK OF THE SOUTH 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 | 313,372,000 | 313,556,000 | 312,376,000 | 339,608,000 |
| Total loans | 176,048,000 | 178,680,000 | 177,510,000 | 184,898,000 |
| Allowance for loan losses | 2,507,000 | 2,465,000 | 2,452,000 | 1,939,000 |
| Securities available for sale | 54,511,000 | 53,998,000 | 53,444,000 | 60,627,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 290,163,000 | 290,000,000 | 288,411,000 | 313,938,000 |
| Interest-bearing deposits | 204,718,000 | 205,858,000 | 203,233,000 | 223,421,000 |
| Noninterest-bearing deposits | 85,445,000 | 84,142,000 | 85,178,000 | 90,517,000 |
| Equity capital | 21,384,000 | 21,245,000 | 21,245,000 | 24,212,000 |
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 | 3,558,000 | 7,473,000 | 11,417,000 | 15,845,000 |
| Interest expense | 539,000 | 1,346,000 | 2,275,000 | 3,411,000 |
| Net interest income | 3,019,000 | 6,127,000 | 9,142,000 | 12,434,000 |
| Noninterest income | 667,000 | 1,311,000 | 2,124,000 | 2,788,000 |
| Noninterest expense | 2,389,000 | 4,931,000 | 7,560,000 | 10,426,000 |
| Provision for loan losses | 0 | 0 | 0 | 100,000 |
| Pretax income | 1,283,000 | 2,493,000 | 3,692,000 | 4,686,000 |
| Income tax | 87,000 | 171,000 | 258,000 | 316,000 |
| Net income | 1,196,000 | 2,322,000 | 3,434,000 | 4,370,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 29,305,000 | 29,682,000 | 30,193,000 | 30,980,000 |
| Total capital | 31,375,000 | 31,798,000 | 32,294,000 | 32,919,000 |
| Risk-weighted assets | 165,170,000 | 168,951,000 | 167,736,000 | 177,705,000 |