Call reports 2008
SOUTH GEORGIA BANKING COMPANY — 2008
What SOUTH GEORGIA BANKING COMPANY 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 | 319,959,000 | 308,073,000 | 305,413,000 | 304,320,000 |
| Total loans | 202,303,000 | 208,313,000 | 207,349,000 | 192,615,000 |
| Allowance for loan losses | 3,853,000 | 3,910,000 | 4,012,000 | 3,525,000 |
| Securities available for sale | 51,373,000 | 53,660,000 | 49,500,000 | 51,588,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 275,660,000 | 264,272,000 | 262,085,000 | 260,609,000 |
| Interest-bearing deposits | 220,014,000 | 212,185,000 | 213,607,000 | 199,195,000 |
| Noninterest-bearing deposits | 55,646,000 | 52,087,000 | 48,478,000 | 61,414,000 |
| Equity capital | 41,627,000 | 41,104,000 | 41,432,000 | 41,000,000 |
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 | 5,273,000 | 10,199,000 | 15,026,000 | 19,483,000 |
| Interest expense | 1,956,000 | 3,645,000 | 5,153,000 | 6,482,000 |
| Net interest income | 3,317,000 | 6,554,000 | 9,873,000 | 13,001,000 |
| Noninterest income | 710,000 | 1,464,000 | 2,256,000 | 3,020,000 |
| Noninterest expense | 2,552,000 | 5,143,000 | 7,658,000 | 10,179,000 |
| Provision for loan losses | 120,000 | 240,000 | 360,000 | 480,000 |
| Pretax income | 1,472,000 | 2,773,000 | 2,610,000 | 3,558,000 |
| Income tax | 486,000 | 869,000 | 809,000 | 938,000 |
| Net income | 986,000 | 1,904,000 | 1,801,000 | 2,620,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 30,128,000 | 30,610,000 | 30,963,000 | 30,097,000 |
| Total capital | 32,896,000 | 33,413,000 | 33,770,000 | 32,665,000 |
| Risk-weighted assets | 219,697,000 | 223,472,000 | 223,367,000 | 204,496,000 |
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