Call reports 2020
SOUTHERN BANK AND TRUST COMPANY — 2020
What SOUTHERN BANK AND TRUST COMPANY 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 | 3,061,453,000 | 3,460,696,000 | 3,623,722,000 | 3,710,368,000 |
| Total loans | 1,869,147,000 | 2,259,379,000 | 2,297,973,000 | 2,317,656,000 |
| Allowance for loan losses | 23,649,000 | 26,966,000 | 27,650,000 | 30,150,000 |
| Securities available for sale | 849,114,000 | 847,217,000 | 875,991,000 | 971,636,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 2,576,596,000 | 2,984,463,000 | 3,139,593,000 | 3,315,932,000 |
| Interest-bearing deposits | 1,730,671,000 | 1,885,669,000 | 1,983,255,000 | 2,136,221,000 |
| Noninterest-bearing deposits | 845,925,000 | 1,098,794,000 | 1,156,339,000 | 1,179,711,000 |
| Equity capital | 315,035,000 | 302,684,000 | 308,409,000 | 322,982,000 |
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 | 27,455,000 | 56,938,000 | 85,921,000 | 116,305,000 |
| Interest expense | 2,410,000 | 3,975,000 | 5,350,000 | 6,436,000 |
| Net interest income | 25,045,000 | 52,963,000 | 80,571,000 | 109,869,000 |
| Noninterest income | 5,775,000 | 11,970,000 | 20,035,000 | 27,297,000 |
| Noninterest expense | 20,703,000 | 39,730,000 | 61,297,000 | 85,434,000 |
| Provision for loan losses | 2,291,000 | 5,648,000 | 6,091,000 | 9,115,000 |
| Pretax income | 1,167,000 | 16,388,000 | 27,175,000 | 47,071,000 |
| Income tax | 15,000 | 3,169,000 | 5,294,000 | 10,370,000 |
| Net income | 1,152,000 | 13,219,000 | 21,881,000 | 36,701,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 275,668,000 | 264,777,000 | 271,860,000 | 286,340,000 |
| Total capital | 299,316,000 | 291,743,000 | 299,510,000 | 316,490,000 |
| Risk-weighted assets | 2,226,490,000 | 2,299,330,000 | 2,356,414,000 | 2,490,369,000 |