Call reports 2019
SOUTHERN FIRST BANK — 2019
What SOUTHERN FIRST BANK reported to the FFIEC in 2019, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Total assets | 2,020,535,000 | 2,123,385,000 | 2,201,507,000 | 2,267,465,000 |
| Total loans | 1,743,357,000 | 1,833,864,000 | 1,879,057,000 | 1,970,571,000 |
| Allowance for loan losses | 16,051,000 | 16,144,000 | 15,848,000 | 16,642,000 |
| Securities available for sale | 73,300,000 | 75,252,000 | 89,428,000 | 67,694,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,779,137,000 | 1,871,388,000 | 1,914,126,000 | 1,890,818,000 |
| Interest-bearing deposits | 1,403,712,000 | 1,490,767,000 | 1,490,848,000 | 1,486,043,000 |
| Noninterest-bearing deposits | 375,425,000 | 380,621,000 | 423,278,000 | 404,775,000 |
| Equity capital | 188,239,000 | 196,218,000 | 227,032,000 | 233,906,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Interest income | 21,673,000 | 44,858,000 | 69,001,000 | 93,039,000 |
| Interest expense | 5,631,000 | 12,023,000 | 18,650,000 | 24,467,000 |
| Net interest income | 16,042,000 | 32,835,000 | 50,351,000 | 68,572,000 |
| Noninterest income | 3,104,000 | 7,328,000 | 11,909,000 | 15,960,000 |
| Noninterest expense | 10,762,000 | 22,304,000 | 34,002,000 | 46,324,000 |
| Provision for loan losses | 300,000 | 600,000 | 1,250,000 | 2,300,000 |
| Pretax income | 8,087,000 | 17,265,000 | 27,016,000 | 36,635,000 |
| Income tax | 1,902,000 | 3,669,000 | 5,842,000 | 7,863,000 |
| Net income | 6,185,000 | 13,596,000 | 21,174,000 | 28,772,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Tier 1 capital | 188,619,000 | 196,030,000 | 226,607,000 | 234,205,000 |
| Total capital | 204,670,000 | 212,174,000 | 242,455,000 | 250,847,000 |
| Risk-weighted assets | 1,694,361,000 | 1,777,433,000 | 1,833,636,000 | 1,885,098,000 |