South Atlantic Bancshares, Inc. (SABK)

South Atlantic Bancshares Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	78.73	72.37	58.76	39.61	33.02	30.95
Interest Income on Investments	13.43	14.82	10.44	9.22	4.96	2.64
Total Interest Income	92.16	87.19	69.2	48.83	37.99	33.58
Interest Paid on Deposits	33.44	34.06	20.82	2.87	2.15	3.55
Interest Paid on Borrowings	9	9	5.88	1.33	0.05	0.01
Total Interest Expense	42.44	43.06	26.7	4.2	2.2	3.56
Net Interest Income	49.72	44.13	42.5	44.64	35.79	30.03
Net Interest Income Growth (YoY)	19.48%	3.85%	-4.80%	24.73%	19.18%	11.98%
Gain (Loss) on Sale of Investments	-	-	0	-0.73	1.12	1.05
Other Non-Interest Income	5.97	5.72	4.37	5.34	8.42	6.66
Total Non-Interest Income	6.68	6.09	4.94	4.94	9.84	7.98
Non-Interest Income Growth (YoY)	35.10%	23.26%	-0.01%	-49.81%	23.27%	64.26%
Revenues Before Loan Losses	56.4	50.22	47.43	49.58	45.63	38.01
Provision for Loan Losses	2.13	1.43	0.76	1.95	1.32	1.69
Revenue	54.27	48.79	46.68	47.63	44.3	36.32
Revenue Growth (YoY)	18.41%	4.52%	-1.99%	7.50%	21.96%	17.69%
Salaries and Employee Benefits	21.19	20.81	19.12	19.59	18.87	16.8
Occupancy Expenses	3.83	3.61	2.5	2.3	2.09	2
Federal Deposit Insurance	1.33	1.33	1.06	0.87	0.73	0.56
Selling, General & Administrative	6.15	5.85	5.72	5.19	5.12	4.03
Other Non-Interest Expense	5.43	4.21	5.52	4.58	3.92	4.11
Total Non-Interest Expense	37.94	35.81	33.93	32.54	30.72	27.5
EBT Excluding Unusual Items	16.34	12.98	12.75	15.08	13.58	8.83
Pretax Income	16.34	12.98	12.75	15.08	13.58	8.83
Income Tax Expense	3.54	2.93	2.73	2.99	2.73	1.63
Net Income	12.8	10.06	10.02	12.09	10.85	7.2
Net Income to Common	12.8	10.06	10.02	12.09	10.85	7.2
Net Income Growth	47.67%	0.37%	-17.16%	11.49%	50.73%	18.63%
Basic Shares Outstanding	8	8	8	8	7	7
Diluted Shares Outstanding	8	8	8	8	8	8
Shares Change (YoY)	1.08%	0.73%	-0.81%	0.81%	1.07%	-0.39%
EPS (Basic)	1.69	1.33	1.33	1.60	1.45	0.96
EPS (Diluted)	1.66	1.31	1.32	1.58	1.43	0.96
EPS Growth	45.85%	-0.76%	-16.46%	10.49%	48.96%	20.00%
Dividend Per Share	0.100	0.100	-	-	-	-
Effective Tax Rate	21.68%	22.55%	21.42%	19.82%	20.13%	18.48%

Source: S&P Global Market Intelligence. Banks template. Financial Sources.