Call reports 2019
SOUTHERN BANK COMPANY, THE — 2019
What SOUTHERN BANK COMPANY, THE reported to the FFIEC in 2019, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Total assets | 95,951,000 | 98,034,000 | 96,556,000 | 98,825,000 |
| Total loans | 59,779,000 | 59,848,000 | 57,776,000 | 57,394,000 |
| Allowance for loan losses | 1,038,000 | 974,000 | 857,000 | 895,000 |
| Securities available for sale | 19,046,000 | 18,565,000 | 16,861,000 | 16,923,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 80,748,000 | 82,875,000 | 82,782,000 | 84,923,000 |
| Interest-bearing deposits | 73,716,000 | 75,607,000 | 75,288,000 | 75,009,000 |
| Noninterest-bearing deposits | 7,032,000 | 7,268,000 | 7,494,000 | 9,913,000 |
| Equity capital | 11,014,000 | 11,256,000 | 11,409,000 | 11,408,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Interest income | 1,363,000 | 2,700,000 | 4,145,000 | 5,552,000 |
| Interest expense | 228,000 | 483,000 | 766,000 | 1,050,000 |
| Net interest income | 1,135,000 | 2,217,000 | 3,379,000 | 4,502,000 |
| Noninterest income | 35,000 | 91,000 | 129,000 | 194,000 |
| Noninterest expense | 1,011,000 | 2,002,000 | 3,021,000 | 4,067,000 |
| Provision for loan losses | 8,000 | 20,000 | 26,000 | 64,000 |
| Pretax income | 151,000 | 286,000 | 461,000 | 565,000 |
| Income tax | 39,000 | 77,000 | 124,000 | 152,000 |
| Net income | 112,000 | 209,000 | 337,000 | 413,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Tier 1 capital | 9,976,000 | 10,073,000 | 10,337,000 | 10,372,000 |
| Total capital | 10,763,000 | 10,863,000 | 11,104,000 | 11,143,000 |
| Risk-weighted assets | 62,711,000 | 62,997,000 | 61,273,000 | 61,569,000 |