South Atlantic Bancshares, Inc. (SABK)

South Atlantic Bancshares Income Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Interest Income on Loans	85.6	72.37	58.76	39.61	33.02
Interest Income on Investments	9.97	14.82	10.44	9.22	4.96
Total Interest Income	95.58	87.19	69.2	48.83	37.99
Interest Paid on Deposits	40.03	34.06	20.82	2.87	2.15
Interest Paid on Borrowings	-	9	5.88	1.33	0.05
Total Interest Expense	40.03	43.06	26.7	4.2	2.2
Net Interest Income	55.55	44.13	42.5	44.64	35.79
Net Interest Income Growth (YoY)	25.87%	3.85%	-4.80%	24.73%	19.18%
Mortgage Banking Activities	1.93	-	-	-	-
Gain (Loss) on Sale of Investments	-	-	0	-0.73	1.12
Other Non-Interest Income	4.75	5.72	4.37	5.34	8.42
Total Non-Interest Income	6.68	6.09	4.94	4.94	9.84
Non-Interest Income Growth (YoY)	9.69%	23.26%	-0.01%	-49.81%	23.27%
Revenues Before Loan Losses	62.23	50.22	47.43	49.58	45.63
Provision for Loan Losses	2.07	1.43	0.76	1.95	1.32
Revenue	60.15	48.79	46.68	47.63	44.3
Revenue Growth (YoY)	23.30%	4.52%	-1.99%	7.50%	21.96%
Salaries and Employee Benefits	22.57	20.81	19.12	19.59	18.87
Occupancy Expenses	4.34	3.61	2.5	2.3	2.09
Federal Deposit Insurance	-	1.33	1.06	0.87	0.73
Selling, General & Administrative	3.69	5.85	5.72	5.19	5.12
Other Non-Interest Expense	9.25	4.21	5.52	4.58	3.92
Total Non-Interest Expense	39.84	35.81	33.93	32.54	30.72
EBT Excluding Unusual Items	20.31	12.98	12.75	15.08	13.58
Pretax Income	20.31	12.98	12.75	15.08	13.58
Income Tax Expense	4.14	2.93	2.73	2.99	2.73
Net Income	16.17	10.06	10.02	12.09	10.85
Net Income to Common	16.17	10.06	10.02	12.09	10.85
Net Income Growth	60.78%	0.37%	-17.16%	11.49%	50.73%
Basic Shares Outstanding	8	8	8	8	7
Diluted Shares Outstanding	8	8	8	8	8
Shares Change (YoY)	0.35%	0.73%	-0.81%	0.81%	1.07%
EPS (Basic)	2.15	1.33	1.33	1.60	1.45
EPS (Diluted)	2.10	1.31	1.32	1.58	1.43
EPS Growth	60.30%	-0.76%	-16.46%	10.49%	48.96%
Dividend Per Share	0.100	0.100	-	-	-
Effective Tax Rate	20.40%	22.55%	21.42%	19.82%	20.13%

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