Call reports 2016
SOUTHERN FIRST BANK — 2016
What SOUTHERN FIRST BANK reported to the FFIEC in 2016, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Total assets | 1,236,608,000 | 1,288,280,000 | 1,287,344,000 | 1,337,753,000 |
| Total loans | 1,053,103,000 | 1,079,863,000 | 1,123,225,000 | 1,171,445,000 |
| Allowance for loan losses | 13,898,000 | 14,317,000 | 14,478,000 | 14,855,000 |
| Securities available for sale | 77,065,000 | 84,520,000 | 67,874,000 | 64,480,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,006,705,000 | 1,053,751,000 | 1,048,766,000 | 1,096,352,000 |
| Interest-bearing deposits | 607,418,000 | 595,448,000 | 611,750,000 | 630,298,000 |
| Noninterest-bearing deposits | 399,286,000 | 458,303,000 | 437,016,000 | 466,054,000 |
| Equity capital | 108,281,000 | 111,976,000 | 115,296,000 | 118,122,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Interest income | 12,366,000 | 24,932,000 | 37,921,000 | 51,455,000 |
| Interest expense | 1,923,000 | 3,817,000 | 5,750,000 | 7,792,000 |
| Net interest income | 10,443,000 | 21,115,000 | 32,171,000 | 43,663,000 |
| Noninterest income | 1,963,000 | 5,104,000 | 8,107,000 | 9,159,000 |
| Noninterest expense | 6,984,000 | 15,071,000 | 22,981,000 | 29,942,000 |
| Provision for loan losses | 625,000 | 1,200,000 | 2,025,000 | 2,300,000 |
| Pretax income | 5,104,000 | 10,273,000 | 15,703,000 | 21,011,000 |
| Income tax | 1,789,000 | 3,701,000 | 5,595,000 | 7,504,000 |
| Net income | 3,315,000 | 6,572,000 | 10,108,000 | 13,507,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Tier 1 capital | 107,767,000 | 111,024,000 | 114,560,000 | 118,626,000 |
| Total capital | 120,789,000 | 124,341,000 | 128,183,000 | 132,839,000 |
| Risk-weighted assets | 1,040,933,000 | 1,064,389,000 | 1,088,994,000 | 1,136,375,000 |