Call reports 2023
SOUTHERN BANK COMPANY, THE — 2023
What SOUTHERN BANK COMPANY, THE reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Total assets | 110,526,000 | 108,988,000 | 106,008,000 | 110,278,000 |
| Total loans | 56,400,000 | 56,603,000 | 55,624,000 | 55,216,000 |
| Allowance for loan losses | 1,055,000 | 1,049,000 | 1,045,000 | 971,000 |
| Securities available for sale | 41,462,000 | 40,420,000 | 39,067,000 | 40,216,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 89,653,000 | 91,418,000 | 88,201,000 | 90,889,000 |
| Interest-bearing deposits | 76,574,000 | 76,439,000 | 75,451,000 | 79,447,000 |
| Noninterest-bearing deposits | 13,079,000 | 14,978,000 | 12,750,000 | 11,442,000 |
| Equity capital | 11,135,000 | 11,603,000 | 11,448,000 | 13,183,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Interest income | 2,179,000 | 4,809,000 | 7,070,000 | 9,543,000 |
| Interest expense | 284,000 | 632,000 | 1,020,000 | 1,475,000 |
| Net interest income | 1,895,000 | 4,177,000 | 6,050,000 | 8,068,000 |
| Noninterest income | 130,000 | 291,000 | 436,000 | 582,000 |
| Noninterest expense | 1,399,000 | 2,815,000 | 4,335,000 | 5,861,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 626,000 | 1,653,000 | 2,151,000 | 2,789,000 |
| Income tax | 163,000 | 405,000 | 535,000 | 701,000 |
| Net income | 463,000 | 1,248,000 | 1,616,000 | 2,088,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 15,313,000 | 16,137,000 | 16,506,000 | 16,979,000 |