Call reports 2022
SOUTHERN FIRST BANK — 2022
What SOUTHERN FIRST BANK reported to the FFIEC in 2022, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Total assets | 3,072,531,000 | 3,287,825,000 | 3,441,008,000 | 3,694,134,000 |
| Total loans | 2,678,516,000 | 2,863,533,000 | 3,039,270,000 | 3,277,280,000 |
| Allowance for loan losses | 32,944,000 | 34,192,000 | 36,317,000 | 38,639,000 |
| Securities available for sale | 106,978,000 | 98,991,000 | 91,521,000 | 93,347,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 2,729,012,000 | 2,890,904,000 | 3,024,402,000 | 3,158,817,000 |
| Interest-bearing deposits | 1,938,702,000 | 2,081,516,000 | 2,223,780,000 | 2,343,632,000 |
| Noninterest-bearing deposits | 790,309,000 | 809,388,000 | 800,621,000 | 815,186,000 |
| Equity capital | 301,373,000 | 305,226,000 | 310,172,000 | 316,698,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Interest income | 24,621,000 | 51,983,000 | 82,970,000 | 118,046,000 |
| Interest expense | 927,000 | 2,881,000 | 7,915,000 | 18,332,000 |
| Net interest income | 23,694,000 | 49,102,000 | 75,055,000 | 99,714,000 |
| Noninterest income | 3,075,000 | 4,987,000 | 7,808,000 | 9,346,000 |
| Noninterest expense | 15,011,000 | 30,770,000 | 47,376,000 | 63,634,000 |
| Provision for loan losses | 1,025,000 | 2,550,000 | 3,075,000 | 5,375,000 |
| Pretax income | 10,737,000 | 20,781,000 | 32,424,000 | 40,063,000 |
| Income tax | 2,423,000 | 4,865,000 | 7,696,000 | 9,407,000 |
| Net income | 8,314,000 | 15,916,000 | 24,728,000 | 30,656,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Tier 1 capital | 307,767,000 | 315,369,000 | 324,181,000 | 330,108,000 |
| Total capital | 338,371,000 | 347,708,000 | 358,442,000 | 366,988,000 |
| Risk-weighted assets | 2,446,018,000 | 2,585,246,000 | 2,738,842,000 | 2,948,652,000 |