Call reports 2014
SOUTHERN FIRST BANK — 2014
What SOUTHERN FIRST BANK reported to the FFIEC in 2014, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Total assets | 934,991,000 | 964,886,000 | 1,005,189,000 | 1,027,335,000 |
| Total loans | 778,798,000 | 820,022,000 | 842,094,000 | 883,211,000 |
| Allowance for loan losses | 10,713,000 | 11,103,000 | 11,305,000 | 11,752,000 |
| Securities available for sale | 68,748,000 | 58,717,000 | 56,869,000 | 55,024,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 726,069,000 | 749,508,000 | 775,251,000 | 794,872,000 |
| Interest-bearing deposits | 606,394,000 | 523,437,000 | 542,532,000 | 564,713,000 |
| Noninterest-bearing deposits | 119,675,000 | 226,071,000 | 232,719,000 | 230,159,000 |
| Equity capital | 81,877,000 | 87,083,000 | 88,862,000 | 91,375,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Interest income | 9,368,000 | 19,180,000 | 29,457,000 | 40,047,000 |
| Interest expense | 1,607,000 | 3,228,000 | 4,866,000 | 6,494,000 |
| Net interest income | 7,761,000 | 15,952,000 | 24,591,000 | 33,553,000 |
| Noninterest income | 944,000 | 2,212,000 | 3,713,000 | 4,782,000 |
| Noninterest expense | 5,606,000 | 11,765,000 | 17,646,000 | 23,607,000 |
| Provision for loan losses | 1,000,000 | 1,950,000 | 3,275,000 | 4,175,000 |
| Pretax income | 2,099,000 | 4,679,000 | 7,613,000 | 10,783,000 |
| Income tax | 681,000 | 1,525,000 | 2,363,000 | 3,348,000 |
| Net income | 1,418,000 | 3,154,000 | 5,250,000 | 7,435,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Tier 1 capital | 82,456,000 | 87,092,000 | 88,888,000 | 91,073,000 |
| Total capital | 92,085,000 | 97,064,000 | 99,087,000 | 101,716,000 |
| Risk-weighted assets | 769,221,000 | 796,667,000 | 814,798,000 | 850,295,000 |