Call reports 2013
SOUTHERN FIRST BANK — 2013
What SOUTHERN FIRST BANK reported to the FFIEC in 2013, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Total assets | 820,065,000 | 837,275,000 | 848,018,000 | 889,320,000 |
| Total loans | 665,244,000 | 687,482,000 | 708,033,000 | 737,267,000 |
| Allowance for loan losses | 9,367,000 | 9,561,000 | 9,816,000 | 10,213,000 |
| Securities available for sale | 75,107,000 | 69,483,000 | 70,170,000 | 67,440,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 616,207,000 | 633,903,000 | 609,645,000 | 683,318,000 |
| Interest-bearing deposits | 526,174,000 | 538,491,000 | 512,526,000 | 578,363,000 |
| Noninterest-bearing deposits | 90,033,000 | 95,413,000 | 97,119,000 | 104,955,000 |
| Equity capital | 77,085,000 | 76,239,000 | 77,340,000 | 78,190,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Interest income | 8,758,000 | 17,701,000 | 26,832,000 | 36,217,000 |
| Interest expense | 1,758,000 | 3,434,000 | 5,069,000 | 6,681,000 |
| Net interest income | 7,000,000 | 14,267,000 | 21,763,000 | 29,536,000 |
| Noninterest income | 846,000 | 1,706,000 | 2,706,000 | 3,521,000 |
| Noninterest expense | 5,091,000 | 10,286,000 | 15,649,000 | 21,116,000 |
| Provision for loan losses | 1,125,000 | 1,875,000 | 2,650,000 | 3,475,000 |
| Pretax income | 1,630,000 | 3,812,000 | 6,170,000 | 8,466,000 |
| Income tax | 520,000 | 1,253,000 | 2,044,000 | 2,732,000 |
| Net income | 1,110,000 | 2,559,000 | 4,126,000 | 5,734,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Tier 1 capital | 76,114,000 | 76,862,000 | 78,129,000 | 79,538,000 |
| Total capital | 84,440,000 | 85,409,000 | 86,886,000 | 88,674,000 |
| Risk-weighted assets | 664,389,000 | 682,741,000 | 699,486,000 | 729,764,000 |