Call reports 2020
SOUTHERN BANK COMPANY, THE — 2020
What SOUTHERN BANK COMPANY, THE reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 98,590,000 | 103,510,000 | 103,176,000 | 112,345,000 |
| Total loans | 54,826,000 | 50,033,000 | 53,368,000 | 57,811,000 |
| Allowance for loan losses | 895,000 | 895,000 | 801,000 | 829,000 |
| Securities available for sale | 21,562,000 | 25,859,000 | 35,350,000 | 35,584,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 84,171,000 | 89,245,000 | 87,013,000 | 93,052,000 |
| Interest-bearing deposits | 75,297,000 | 78,808,000 | 76,426,000 | 80,897,000 |
| Noninterest-bearing deposits | 8,874,000 | 10,438,000 | 10,587,000 | 12,155,000 |
| Equity capital | 11,788,000 | 11,850,000 | 11,897,000 | 12,016,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 1,366,000 | 2,527,000 | 3,727,000 | 5,087,000 |
| Interest expense | 279,000 | 547,000 | 804,000 | 1,022,000 |
| Net interest income | 1,087,000 | 1,980,000 | 2,923,000 | 4,065,000 |
| Noninterest income | 63,000 | 199,000 | 257,000 | 353,000 |
| Noninterest expense | 1,049,000 | 2,113,000 | 3,071,000 | 4,076,000 |
| Provision for loan losses | 0 | 0 | 0 | 41,000 |
| Pretax income | 102,000 | 157,000 | 200,000 | 392,000 |
| Income tax | 28,000 | 40,000 | 53,000 | 104,000 |
| Net income | 74,000 | 117,000 | 147,000 | 288,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 10,449,000 | 10,497,000 | 10,633,000 | 10,773,000 |