Call reports 2023
SOUTHERN BANK AND TRUST COMPANY — 2023
What SOUTHERN BANK AND TRUST COMPANY 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 | 4,687,437,000 | 4,652,568,000 | 4,657,613,000 | 4,758,607,000 |
| Total loans | 2,881,831,000 | 2,984,301,000 | 3,049,782,000 | 3,112,833,000 |
| Allowance for loan losses | 32,198,000 | 33,032,000 | 33,075,000 | 33,037,000 |
| Securities available for sale | 1,381,219,000 | 1,306,854,000 | 1,226,419,000 | 1,294,179,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 4,135,102,000 | 4,090,369,000 | 4,099,714,000 | 4,153,511,000 |
| Interest-bearing deposits | 2,712,479,000 | 2,696,681,000 | 2,694,448,000 | 2,729,822,000 |
| Noninterest-bearing deposits | 1,422,623,000 | 1,393,688,000 | 1,405,266,000 | 1,423,689,000 |
| Equity capital | 262,054,000 | 265,345,000 | 226,265,000 | 292,230,000 |
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 | 38,888,000 | 81,245,000 | 123,914,000 | 168,055,000 |
| Interest expense | 8,721,000 | 20,787,000 | 34,608,000 | 49,153,000 |
| Net interest income | 30,167,000 | 60,458,000 | 89,306,000 | 118,902,000 |
| Noninterest income | 6,018,000 | 12,278,000 | 18,604,000 | 23,995,000 |
| Noninterest expense | 24,052,000 | 48,529,000 | 71,742,000 | 96,228,000 |
| Provision for loan losses | -280,000 | 320,000 | 420,000 | 219,000 |
| Pretax income | 19,607,000 | 40,123,000 | 55,559,000 | 68,101,000 |
| Income tax | 3,995,000 | 7,785,000 | 11,181,000 | 17,608,000 |
| Net income | 15,612,000 | 32,338,000 | 44,378,000 | 50,493,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 418,802,000 | 437,005,000 | 441,967,000 | 437,676,000 |
| Total capital | 451,000,000 | 471,805,000 | 476,512,000 | 471,920,000 |
| Risk-weighted assets | 3,474,745,000 | 3,635,671,000 | 3,709,734,000 | 3,704,855,000 |