Call reports 2021
SOUTHERN BANK COMPANY, THE — 2021
What SOUTHERN BANK COMPANY, THE reported to the FFIEC in 2021, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Total assets | 112,037,000 | 112,866,000 | 111,220,000 | 112,687,000 |
| Total loans | 53,718,000 | 55,088,000 | 54,192,000 | 57,057,000 |
| Allowance for loan losses | 829,000 | 827,000 | 896,000 | 896,000 |
| Securities available for sale | 41,670,000 | 44,581,000 | 44,107,000 | 45,937,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 95,788,000 | 94,303,000 | 94,335,000 | 94,875,000 |
| Interest-bearing deposits | 80,077,000 | 78,582,000 | 79,490,000 | 78,022,000 |
| Noninterest-bearing deposits | 15,711,000 | 15,722,000 | 14,845,000 | 16,853,000 |
| Equity capital | 11,436,000 | 11,963,000 | 12,022,000 | 12,222,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Interest income | 1,321,000 | 2,666,000 | 4,131,000 | 5,915,000 |
| Interest expense | 167,000 | 307,000 | 436,000 | 554,000 |
| Net interest income | 1,154,000 | 2,359,000 | 3,695,000 | 5,361,000 |
| Noninterest income | 73,000 | 172,000 | 281,000 | 394,000 |
| Noninterest expense | 1,038,000 | 2,113,000 | 3,227,000 | 4,395,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 189,000 | 418,000 | 749,000 | 1,360,000 |
| Income tax | 50,000 | 105,000 | 192,000 | 351,000 |
| Net income | 139,000 | 313,000 | 557,000 | 1,009,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Tier 1 capital | 10,914,000 | 11,258,000 | 11,479,000 | 11,927,000 |