Call reports 2022
SOUTHERN BANK COMPANY, THE — 2022
What SOUTHERN BANK COMPANY, THE reported to the FFIEC in 2022, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Total assets | 115,911,000 | 115,791,000 | 112,213,000 | 110,616,000 |
| Total loans | 56,780,000 | 58,169,000 | 58,655,000 | 59,656,000 |
| Allowance for loan losses | 887,000 | 1,057,000 | 1,057,000 | 1,055,000 |
| Securities available for sale | 47,993,000 | 45,329,000 | 42,326,000 | 41,893,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 98,622,000 | 97,538,000 | 94,108,000 | 88,066,000 |
| Interest-bearing deposits | 84,246,000 | 83,146,000 | 79,862,000 | 75,183,000 |
| Noninterest-bearing deposits | 14,375,000 | 14,392,000 | 14,246,000 | 12,884,000 |
| Equity capital | 10,663,000 | 10,116,000 | 9,216,000 | 10,078,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Interest income | 1,847,000 | 3,831,000 | 6,055,000 | 8,241,000 |
| Interest expense | 108,000 | 217,000 | 324,000 | 498,000 |
| Net interest income | 1,739,000 | 3,614,000 | 5,731,000 | 7,743,000 |
| Noninterest income | 112,000 | 252,000 | 369,000 | 496,000 |
| Noninterest expense | 1,212,000 | 2,449,000 | 3,844,000 | 5,154,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 639,000 | 1,417,000 | 2,256,000 | 3,085,000 |
| Income tax | 167,000 | 370,000 | 589,000 | 805,000 |
| Net income | 472,000 | 1,047,000 | 1,667,000 | 2,280,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Tier 1 capital | 12,402,000 | 13,611,000 | 14,233,000 | 14,849,000 |