Call reports 2023
SOUTHERN FIRST BANK — 2023
What SOUTHERN FIRST BANK reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Total assets | 3,939,656,000 | 4,003,753,000 | 4,020,431,000 | 4,056,256,000 |
| Total loans | 3,424,924,000 | 3,553,398,000 | 3,560,749,000 | 3,609,821,000 |
| Allowance for loan losses | 40,435,000 | 41,105,000 | 41,131,000 | 40,683,000 |
| Securities available for sale | 94,036,000 | 91,548,000 | 144,034,000 | 134,702,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 3,446,145,000 | 3,451,443,000 | 3,366,928,000 | 3,395,523,000 |
| Interest-bearing deposits | 2,694,786,000 | 2,739,967,000 | 2,681,497,000 | 2,712,072,000 |
| Noninterest-bearing deposits | 751,359,000 | 711,476,000 | 685,431,000 | 683,451,000 |
| Equity capital | 326,504,000 | 328,505,000 | 330,543,000 | 339,113,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Interest income | 38,409,000 | 81,152,000 | 128,645,000 | 177,815,000 |
| Interest expense | 17,374,000 | 40,697,000 | 68,244,000 | 97,763,000 |
| Net interest income | 21,035,000 | 40,455,000 | 60,401,000 | 80,052,000 |
| Noninterest income | 2,053,000 | 4,500,000 | 7,117,000 | 9,449,000 |
| Noninterest expense | 17,102,000 | 34,011,000 | 50,767,000 | 67,434,000 |
| Provision for loan losses | 1,855,000 | 2,950,000 | 2,850,000 | 2,210,000 |
| Pretax income | 4,131,000 | 7,994,000 | 13,901,000 | 19,857,000 |
| Income tax | 961,000 | 1,888,000 | 3,212,000 | 4,512,000 |
| Net income | 3,170,000 | 6,106,000 | 10,689,000 | 15,345,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 338,279,000 | 341,215,000 | 345,798,000 | 350,455,000 |
| Total capital | 376,311,000 | 380,505,000 | 385,063,000 | 390,197,000 |
| Risk-weighted assets | 3,040,156,000 | 3,141,379,000 | 3,139,385,000 | 3,178,472,000 |