Call reports 2021
SOUTHERN FIRST BANK — 2021
What SOUTHERN FIRST BANK reported to the FFIEC in 2021, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Total assets | 2,579,479,000 | 2,650,606,000 | 2,783,856,000 | 2,925,939,000 |
| Total loans | 2,240,755,000 | 2,290,562,000 | 2,420,688,000 | 2,503,433,000 |
| Allowance for loan losses | 43,499,000 | 41,912,000 | 36,075,000 | 30,408,000 |
| Securities available for sale | 92,997,000 | 91,232,000 | 113,803,000 | 120,281,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 2,274,189,000 | 2,329,496,000 | 2,451,499,000 | 2,581,680,000 |
| Interest-bearing deposits | 1,590,833,000 | 1,663,681,000 | 1,724,781,000 | 1,807,556,000 |
| Noninterest-bearing deposits | 683,356,000 | 665,815,000 | 726,719,000 | 774,124,000 |
| Equity capital | 264,716,000 | 275,907,000 | 289,621,000 | 301,477,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Interest income | 22,939,000 | 46,059,000 | 69,656,000 | 93,891,000 |
| Interest expense | 1,163,000 | 2,086,000 | 3,021,000 | 3,932,000 |
| Net interest income | 21,776,000 | 43,973,000 | 66,635,000 | 89,959,000 |
| Noninterest income | 6,936,000 | 10,203,000 | 14,388,000 | 17,759,000 |
| Noninterest expense | 15,255,000 | 28,682,000 | 42,720,000 | 57,522,000 |
| Provision for loan losses | -300,000 | -2,200,000 | -8,200,000 | -12,400,000 |
| Pretax income | 13,756,000 | 27,691,000 | 46,500,000 | 62,593,000 |
| Income tax | 3,041,000 | 6,276,000 | 10,723,000 | 14,468,000 |
| Net income | 10,715,000 | 21,415,000 | 35,777,000 | 48,125,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Tier 1 capital | 264,807,000 | 275,507,000 | 289,869,000 | 302,217,000 |
| Total capital | 290,432,000 | 301,865,000 | 317,659,000 | 331,052,000 |
| Risk-weighted assets | 2,032,094,000 | 2,093,113,000 | 2,214,920,000 | 2,305,221,000 |