Call reports 2018
SOUTHERN BANK COMPANY, THE — 2018
What SOUTHERN BANK COMPANY, THE reported to the FFIEC in 2018, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Total assets | 99,011,000 | 96,330,000 | 94,941,000 | 101,695,000 |
| Total loans | 71,016,000 | 70,095,000 | 64,682,000 | 63,900,000 |
| Allowance for loan losses | 1,004,000 | 1,093,000 | 1,081,000 | 1,032,000 |
| Securities available for sale | 20,382,000 | 19,597,000 | 18,573,000 | 18,213,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 76,503,000 | 77,555,000 | 77,283,000 | 83,460,000 |
| Interest-bearing deposits | 69,099,000 | 70,461,000 | 70,576,000 | 74,725,000 |
| Noninterest-bearing deposits | 7,404,000 | 7,094,000 | 6,707,000 | 8,735,000 |
| Equity capital | 10,379,000 | 10,400,000 | 10,494,000 | 10,800,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Interest income | 1,264,000 | 2,676,000 | 3,995,000 | 5,339,000 |
| Interest expense | 202,000 | 407,000 | 611,000 | 833,000 |
| Net interest income | 1,062,000 | 2,269,000 | 3,384,000 | 4,506,000 |
| Noninterest income | 40,000 | 77,000 | 117,000 | 155,000 |
| Noninterest expense | 947,000 | 1,863,000 | 2,846,000 | 3,825,000 |
| Provision for loan losses | 0 | 192,000 | 192,000 | 192,000 |
| Pretax income | 153,000 | 289,000 | 461,000 | 642,000 |
| Income tax | 40,000 | 112,000 | 157,000 | 204,000 |
| Net income | 113,000 | 177,000 | 304,000 | 438,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Tier 1 capital | 9,608,000 | 9,672,000 | 9,729,000 | 9,864,000 |
| Total capital | 10,519,000 | 10,569,000 | 10,562,000 | 10,707,000 |
| Risk-weighted assets | 72,806,000 | 71,565,000 | 66,371,000 | 67,281,000 |