Call reports 2014
SOUTHERN INDEPENDENT BANK — 2014
What SOUTHERN INDEPENDENT BANK reported to the FFIEC in 2014, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Total assets | 199,964,000 | 208,126,000 | 195,214,000 | 200,334,000 |
| Total loans | 97,729,000 | 103,399,000 | 106,410,000 | 108,164,000 |
| Allowance for loan losses | 2,140,000 | 2,250,000 | 2,275,000 | 2,437,000 |
| Securities available for sale | 73,626,000 | 69,463,000 | 65,382,000 | 62,541,000 |
| Securities held to maturity | 1,554,000 | 2,295,000 | 3,004,000 | 3,004,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 177,699,000 | 184,923,000 | 169,115,000 | 170,340,000 |
| Interest-bearing deposits | 154,604,000 | 162,290,000 | 145,190,000 | 144,573,000 |
| Noninterest-bearing deposits | 23,095,000 | 22,633,000 | 23,925,000 | 25,767,000 |
| Equity capital | 18,317,000 | 19,233,000 | 19,806,000 | 20,482,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Interest income | 1,717,000 | 3,481,000 | 5,251,000 | 7,157,000 |
| Interest expense | 306,000 | 617,000 | 929,000 | 1,246,000 |
| Net interest income | 1,411,000 | 2,864,000 | 4,322,000 | 5,911,000 |
| Noninterest income | 195,000 | 405,000 | 620,000 | 738,000 |
| Noninterest expense | 973,000 | 1,819,000 | 2,791,000 | 3,993,000 |
| Provision for loan losses | 52,000 | 173,000 | 198,000 | 3,000 |
| Pretax income | 610,000 | 1,348,000 | 2,051,000 | 2,793,000 |
| Income tax | 187,000 | 447,000 | 674,000 | 755,000 |
| Net income | 423,000 | 901,000 | 1,377,000 | 2,038,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Tier 1 capital | 19,383,000 | 19,861,000 | 20,337,000 | 20,998,000 |
| Total capital | 20,883,000 | 21,447,000 | 21,915,000 | 22,598,000 |
| Risk-weighted assets | 119,386,000 | 126,242,000 | 125,532,000 | 127,171,000 |