Call reports 2002
SOUTHERN COMMERCE BANK, NATIONAL ASSOCIATION — 2002
What SOUTHERN COMMERCE BANK, NATIONAL ASSOCIATION reported to the FFIEC in 2002, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Total assets | 63,375,000 | 53,277,000 | 51,390,000 | 53,345,000 |
| Total loans | 39,407,000 | 39,819,000 | 37,465,000 | 36,420,000 |
| Allowance for loan losses | 1,075,000 | 989,000 | 1,140,000 | 1,044,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 1,500,000 | 7,571,000 | 7,558,000 | 6,043,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 57,703,000 | 48,831,000 | 47,485,000 | 48,904,000 |
| Interest-bearing deposits | 49,166,000 | 41,373,000 | 39,098,000 | 39,494,000 |
| Noninterest-bearing deposits | 8,537,000 | 7,458,000 | 8,387,000 | 9,410,000 |
| Equity capital | 5,281,000 | 4,266,000 | 3,711,000 | 4,292,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Interest income | 850,000 | 1,670,000 | 2,400,000 | 3,123,000 |
| Interest expense | 396,000 | 751,000 | 1,042,000 | 1,308,000 |
| Net interest income | 454,000 | 919,000 | 1,358,000 | 1,815,000 |
| Noninterest income | 202,000 | 389,000 | 633,000 | 834,000 |
| Noninterest expense | 641,000 | 1,857,000 | 2,749,000 | 3,402,000 |
| Provision for loan losses | 0 | 456,000 | 802,000 | 803,000 |
| Pretax income | 15,000 | -1,005,000 | -1,560,000 | -1,556,000 |
| Income tax | 5,000 | 0 | 0 | -577,000 |
| Net income | 10,000 | -1,005,000 | -1,560,000 | -979,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Tier 1 capital | 5,281,000 | 4,266,000 | 3,711,000 | 4,042,000 |
| Total capital | 5,890,000 | 4,832,000 | 4,238,000 | 4,561,000 |
| Risk-weighted assets | 48,258,000 | 44,864,000 | 41,543,000 | 40,999,000 |
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