Call reports 2015
SOUTHERN FIRST BANK — 2015
What SOUTHERN FIRST BANK reported to the FFIEC in 2015, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Total assets | 1,070,246,000 | 1,116,695,000 | 1,171,028,000 | 1,214,752,000 |
| Total loans | 924,165,000 | 975,898,000 | 1,004,120,000 | 1,009,888,000 |
| Allowance for loan losses | 12,241,000 | 12,927,000 | 13,368,000 | 13,629,000 |
| Securities available for sale | 48,526,000 | 51,465,000 | 66,346,000 | 89,939,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 854,993,000 | 898,500,000 | 948,548,000 | 988,049,000 |
| Interest-bearing deposits | 600,762,000 | 631,990,000 | 650,576,000 | 604,784,000 |
| Noninterest-bearing deposits | 254,231,000 | 266,510,000 | 297,973,000 | 383,266,000 |
| Equity capital | 94,948,000 | 97,258,000 | 100,632,000 | 104,448,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Interest income | 10,824,000 | 22,182,000 | 33,963,000 | 46,148,000 |
| Interest expense | 1,648,000 | 3,388,000 | 5,230,000 | 7,156,000 |
| Net interest income | 9,176,000 | 18,794,000 | 28,733,000 | 38,992,000 |
| Noninterest income | 1,125,000 | 3,119,000 | 5,119,000 | 6,931,000 |
| Noninterest expense | 6,534,000 | 12,945,000 | 19,486,000 | 26,310,000 |
| Provision for loan losses | 625,000 | 1,625,000 | 2,500,000 | 3,200,000 |
| Pretax income | 3,401,000 | 7,638,000 | 12,163,000 | 16,710,000 |
| Income tax | 1,144,000 | 2,591,000 | 4,139,000 | 5,581,000 |
| Net income | 2,257,000 | 5,047,000 | 8,024,000 | 11,129,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Tier 1 capital | 94,581,000 | 97,369,000 | 100,346,000 | 104,452,000 |
| Total capital | 105,774,000 | 109,211,000 | 112,506,000 | 116,992,000 |
| Risk-weighted assets | 894,439,000 | 946,297,000 | 971,559,000 | 1,002,080,000 |