Call reports 2017
SOUTHERN FIRST BANK — 2017
What SOUTHERN FIRST BANK reported to the FFIEC in 2017, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Total assets | 1,467,846,000 | 1,538,945,000 | 1,557,601,000 | 1,624,291,000 |
| Total loans | 1,226,133,000 | 1,311,309,000 | 1,336,864,000 | 1,398,860,000 |
| Allowance for loan losses | 15,287,000 | 15,444,000 | 15,579,000 | 15,523,000 |
| Securities available for sale | 62,835,000 | 81,378,000 | 78,440,000 | 67,603,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,220,615,000 | 1,304,321,000 | 1,349,303,000 | 1,388,638,000 |
| Interest-bearing deposits | 964,662,000 | 1,029,205,000 | 1,073,082,000 | 1,089,066,000 |
| Noninterest-bearing deposits | 255,953,000 | 275,116,000 | 276,221,000 | 299,571,000 |
| Equity capital | 129,853,000 | 152,752,000 | 157,204,000 | 159,037,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Interest income | 14,054,000 | 29,053,000 | 45,092,000 | 61,514,000 |
| Interest expense | 2,224,000 | 4,665,000 | 7,193,000 | 9,829,000 |
| Net interest income | 11,830,000 | 24,388,000 | 37,899,000 | 51,685,000 |
| Noninterest income | 2,248,000 | 4,700,000 | 7,167,000 | 9,069,000 |
| Noninterest expense | 8,585,000 | 17,248,000 | 26,003,000 | 34,348,000 |
| Provision for loan losses | 500,000 | 1,000,000 | 1,500,000 | 2,000,000 |
| Pretax income | 4,993,000 | 10,842,000 | 17,565,000 | 24,410,000 |
| Income tax | 1,755,000 | 3,872,000 | 6,229,000 | 10,878,000 |
| Net income | 3,238,000 | 6,970,000 | 11,336,000 | 13,532,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Tier 1 capital | 130,200,000 | 152,932,000 | 157,297,000 | 159,493,000 |
| Total capital | 145,063,000 | 168,376,000 | 172,876,000 | 175,016,000 |
| Risk-weighted assets | 1,188,657,000 | 1,276,996,000 | 1,297,146,000 | 1,346,862,000 |