Call reports 2008
SOUTHPORT BANK — 2008
What SOUTHPORT BANK reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 510,740,000 | 496,791,000 | 490,736,000 | 480,815,000 |
| Total loans | 428,449,000 | 417,624,000 | 418,433,000 | 407,505,000 |
| Allowance for loan losses | 5,007,000 | 5,936,000 | 6,137,000 | 8,424,000 |
| Securities available for sale | 53,873,000 | 51,413,000 | 47,123,000 | 53,748,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 373,886,000 | 359,914,000 | 340,461,000 | 335,262,000 |
| Interest-bearing deposits | 324,501,000 | 314,131,000 | 299,933,000 | 292,000,000 |
| Noninterest-bearing deposits | 49,385,000 | 45,783,000 | 40,528,000 | 43,262,000 |
| Equity capital | 40,268,000 | 41,102,000 | 39,341,000 | 39,868,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 8,085,000 | 15,740,000 | 22,995,000 | 30,116,000 |
| Interest expense | 4,320,000 | 8,189,000 | 11,711,000 | 15,036,000 |
| Net interest income | 3,765,000 | 7,551,000 | 11,284,000 | 15,080,000 |
| Noninterest income | 1,579,000 | 3,101,000 | 4,014,000 | 4,701,000 |
| Noninterest expense | 3,612,000 | 7,368,000 | 10,178,000 | 13,646,000 |
| Provision for loan losses | 1,100,000 | 5,200,000 | 5,950,000 | 9,800,000 |
| Pretax income | 691,000 | -1,932,000 | -5,327,000 | -8,211,000 |
| Income tax | 1,479,000 | 1,479,000 | 1,479,000 | 1,677,000 |
| Net income | -788,000 | -3,411,000 | -6,806,000 | -9,888,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 39,749,000 | 41,783,000 | 39,777,000 | 39,558,000 |
| Total capital | 44,756,000 | 47,537,000 | 45,426,000 | 44,985,000 |
| Risk-weighted assets | 479,837,000 | 460,114,000 | 451,442,000 | 431,174,000 |
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