Call reports 2020
SOUTHERN FIRST BANK — 2020
What SOUTHERN FIRST BANK reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 2,371,877,000 | 2,482,582,000 | 2,479,005,000 | 2,482,257,000 |
| Total loans | 2,065,209,000 | 2,080,970,000 | 2,142,363,000 | 2,203,125,000 |
| Allowance for loan losses | 22,463,000 | 31,602,000 | 42,219,000 | 44,149,000 |
| Securities available for sale | 70,507,000 | 70,997,000 | 87,991,000 | 94,729,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 2,036,749,000 | 2,203,577,000 | 2,195,430,000 | 2,159,660,000 |
| Interest-bearing deposits | 1,594,688,000 | 1,622,547,000 | 1,613,051,000 | 1,573,677,000 |
| Noninterest-bearing deposits | 442,061,000 | 581,030,000 | 582,379,000 | 585,983,000 |
| Equity capital | 237,842,000 | 243,372,000 | 246,008,000 | 255,115,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 23,950,000 | 50,317,000 | 73,851,000 | 97,565,000 |
| Interest expense | 5,333,000 | 9,057,000 | 11,452,000 | 13,317,000 |
| Net interest income | 18,617,000 | 41,260,000 | 62,399,000 | 84,248,000 |
| Noninterest income | 5,322,000 | 13,147,000 | 21,452,000 | 28,201,000 |
| Noninterest expense | 13,796,000 | 27,348,000 | 42,301,000 | 57,059,000 |
| Provision for loan losses | 6,000,000 | 16,200,000 | 27,300,000 | 29,600,000 |
| Pretax income | 4,143,000 | 10,859,000 | 14,251,000 | 25,793,000 |
| Income tax | 915,000 | 2,496,000 | 3,312,000 | 5,906,000 |
| Net income | 3,228,000 | 8,363,000 | 10,939,000 | 19,887,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 237,433,000 | 242,568,000 | 245,143,000 | 254,092,000 |
| Total capital | 259,896,000 | 267,762,000 | 269,975,000 | 279,414,000 |
| Risk-weighted assets | 1,975,416,000 | 2,009,152,000 | 1,969,181,000 | 2,006,931,000 |