Call reports 2016
SOUTHERN BANK COMPANY, THE — 2016
What SOUTHERN BANK COMPANY, THE reported to the FFIEC in 2016, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Total assets | 100,133,000 | 98,209,000 | 95,203,000 | 93,966,000 |
| Total loans | 57,938,000 | 58,127,000 | 55,971,000 | 58,487,000 |
| Allowance for loan losses | 525,000 | 757,000 | 844,000 | 1,038,000 |
| Securities available for sale | 37,157,000 | 36,101,000 | 33,448,000 | 31,238,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 80,590,000 | 79,397,000 | 78,841,000 | 77,989,000 |
| Interest-bearing deposits | 75,752,000 | 73,806,000 | 73,807,000 | 72,347,000 |
| Noninterest-bearing deposits | 4,838,000 | 5,591,000 | 5,034,000 | 5,642,000 |
| Equity capital | 13,794,000 | 12,675,000 | 12,459,000 | 11,783,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Interest income | 1,086,000 | 2,051,000 | 3,105,000 | 4,111,000 |
| Interest expense | 203,000 | 399,000 | 596,000 | 782,000 |
| Net interest income | 883,000 | 1,652,000 | 2,509,000 | 3,329,000 |
| Noninterest income | 25,000 | 46,000 | 69,000 | 99,000 |
| Noninterest expense | 885,000 | 1,959,000 | 2,944,000 | 3,844,000 |
| Provision for loan losses | 33,000 | 1,766,000 | 1,852,000 | 2,085,000 |
| Pretax income | 149,000 | -1,867,000 | -2,035,000 | -2,318,000 |
| Income tax | 56,000 | -722,000 | -785,000 | -892,000 |
| Net income | 93,000 | -1,145,000 | -1,250,000 | -1,426,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Tier 1 capital | 12,862,000 | 11,623,000 | 10,758,000 | 10,516,000 |
| Total capital | 13,387,000 | 12,380,000 | 11,509,000 | 11,304,000 |
| Risk-weighted assets | 62,516,000 | 63,512,000 | 59,516,000 | 62,342,000 |