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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	82.48	72.37	58.76	39.61	33.02	30.95
Interest Income on Investments	11.52	14.82	10.44	9.22	4.96	2.64
Total Interest Income	94	87.19	69.2	48.83	37.99	33.58
Interest Paid on Deposits	32.16	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	41.16	43.06	26.7	4.2	2.2	3.56
Net Interest Income	52.84	44.13	42.5	44.64	35.79	30.03
Net Interest Income Growth (YoY)	23.76%	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	6.06	5.72	4.37	5.34	8.42	6.66
Total Non-Interest Income	6.89	6.09	4.94	4.94	9.84	7.98
Non-Interest Income Growth (YoY)	28.57%	23.26%	-0.01%	-49.81%	23.27%	64.26%
Revenues Before Loan Losses	59.73	50.22	47.43	49.58	45.63	38.01
Provision for Loan Losses	2	1.43	0.76	1.95	1.32	1.69
Revenue	57.73	48.79	46.68	47.63	44.3	36.32
Revenue Growth (YoY)	23.47%	4.52%	-1.99%	7.50%	21.96%	17.69%
Salaries and Employee Benefits	21.95	20.81	19.12	19.59	18.87	16.8
Occupancy Expenses	3.87	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	6.39	5.85	5.72	5.19	5.12	4.03
Other Non-Interest Expense	5.81	4.21	5.52	4.58	3.92	4.11
Total Non-Interest Expense	39.35	35.81	33.93	32.54	30.72	27.5
EBT Excluding Unusual Items	18.38	12.98	12.75	15.08	13.58	8.83
Pretax Income	18.38	12.98	12.75	15.08	13.58	8.83
Income Tax Expense	3.81	2.93	2.73	2.99	2.73	1.63
Net Income	14.57	10.06	10.02	12.09	10.85	7.2
Net Income to Common	14.57	10.06	10.02	12.09	10.85	7.2
Net Income Growth	60.49%	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)	0.49%	0.73%	-0.81%	0.81%	1.07%	-0.39%
EPS (Basic)	1.93	1.33	1.33	1.60	1.45	0.96
EPS (Diluted)	1.89	1.31	1.32	1.58	1.43	0.96
EPS Growth	58.84%	-0.76%	-16.46%	10.49%	48.96%	20.00%
Dividend Per Share	0.100	0.100	-	-	-	-
Effective Tax Rate	20.71%	22.55%	21.42%	19.82%	20.13%	18.48%

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