Call reports 2024
SOUTHERN BANK AND TRUST COMPANY — 2024
What SOUTHERN BANK AND TRUST COMPANY reported to the FFIEC in 2024, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Total assets | 4,777,181,000 | 4,797,488,000 | 4,970,390,000 | 5,013,753,000 |
| Total loans | 3,169,032,000 | 3,198,723,000 | 3,205,474,000 | 3,261,357,000 |
| Allowance for loan losses | 33,964,000 | 34,050,000 | 33,685,000 | 34,252,000 |
| Securities available for sale | 1,258,715,000 | 1,234,855,000 | 1,260,625,000 | 1,205,474,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 4,152,523,000 | 4,186,281,000 | 4,384,994,000 | 4,460,023,000 |
| Interest-bearing deposits | 2,822,158,000 | 2,848,340,000 | 3,023,648,000 | 3,099,452,000 |
| Noninterest-bearing deposits | 1,330,365,000 | 1,337,941,000 | 1,361,346,000 | 1,360,571,000 |
| Equity capital | 295,997,000 | 306,302,000 | 359,692,000 | 338,431,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Interest income | 46,189,000 | 93,777,000 | 143,623,000 | 195,072,000 |
| Interest expense | 16,176,000 | 33,548,000 | 51,979,000 | 69,572,000 |
| Net interest income | 30,013,000 | 60,229,000 | 91,644,000 | 125,500,000 |
| Noninterest income | 6,579,000 | 14,635,000 | 21,772,000 | 28,419,000 |
| Noninterest expense | 25,412,000 | 50,510,000 | 75,559,000 | 100,320,000 |
| Provision for loan losses | 350,000 | 516,000 | 215,000 | 936,000 |
| Pretax income | 17,862,000 | 32,562,000 | 51,722,000 | 76,056,000 |
| Income tax | 3,795,000 | 6,696,000 | 10,752,000 | 12,662,000 |
| Net income | 14,067,000 | 25,866,000 | 40,970,000 | 63,394,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 451,744,000 | 463,543,000 | 478,647,000 | 491,071,000 |
| Total capital | 487,158,000 | 498,971,000 | 513,656,000 | 526,485,000 |
| Risk-weighted assets | 3,720,437,000 | 3,711,382,000 | 3,725,015,000 | 3,731,603,000 |