Call reports 2018
SOUTHERN FIRST BANK — 2018
What SOUTHERN FIRST BANK reported to the FFIEC in 2018, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Total assets | 1,730,054,000 | 1,788,525,000 | 1,860,130,000 | 1,901,428,000 |
| Total loans | 1,470,267,000 | 1,541,522,000 | 1,629,499,000 | 1,686,573,000 |
| Allowance for loan losses | 15,852,000 | 16,100,000 | 16,140,000 | 15,762,000 |
| Securities available for sale | 58,506,000 | 70,067,000 | 66,886,000 | 74,905,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,527,791,000 | 1,577,911,000 | 1,600,964,000 | 1,657,361,000 |
| Interest-bearing deposits | 1,226,634,000 | 1,262,005,000 | 1,294,277,000 | 1,306,689,000 |
| Noninterest-bearing deposits | 301,157,000 | 315,907,000 | 306,687,000 | 350,673,000 |
| Equity capital | 163,665,000 | 169,166,000 | 174,859,000 | 181,516,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Interest income | 17,246,000 | 35,851,000 | 55,815,000 | 77,019,000 |
| Interest expense | 3,020,000 | 6,780,000 | 10,995,000 | 15,923,000 |
| Net interest income | 14,226,000 | 29,071,000 | 44,820,000 | 61,096,000 |
| Noninterest income | 2,333,000 | 4,978,000 | 7,275,000 | 9,583,000 |
| Noninterest expense | 9,125,000 | 18,989,000 | 28,977,000 | 39,273,000 |
| Provision for loan losses | 500,000 | 900,000 | 1,300,000 | 1,900,000 |
| Pretax income | 6,933,000 | 14,159,000 | 21,818,000 | 29,513,000 |
| Income tax | 1,580,000 | 3,121,000 | 4,830,000 | 6,573,000 |
| Net income | 5,353,000 | 11,038,000 | 16,988,000 | 22,940,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Tier 1 capital | 164,847,000 | 170,531,000 | 176,481,000 | 182,433,000 |
| Total capital | 180,699,000 | 186,631,000 | 192,621,000 | 198,195,000 |
| Risk-weighted assets | 1,419,889,000 | 1,497,678,000 | 1,581,921,000 | 1,629,600,000 |