Call reports 2004
SOUTHERN COMMERCE BANK, NATIONAL ASSOCIATION — 2004
What SOUTHERN COMMERCE BANK, NATIONAL ASSOCIATION reported to the FFIEC in 2004, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Total assets | 64,257,000 | 57,482,000 | 68,413,000 | 72,758,000 |
| Total loans | 36,420,000 | 47,411,000 | 52,766,000 | 63,250,000 |
| Allowance for loan losses | 773,000 | 860,000 | 678,000 | 704,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 1,502,000 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 54,823,000 | 47,936,000 | 58,898,000 | 63,092,000 |
| Interest-bearing deposits | 34,509,000 | 32,750,000 | 44,190,000 | 47,149,000 |
| Noninterest-bearing deposits | 20,314,000 | 15,186,000 | 14,708,000 | 15,943,000 |
| Equity capital | 9,315,000 | 9,357,000 | 9,363,000 | 9,438,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Interest income | 648,000 | 1,358,000 | 2,121,000 | 3,052,000 |
| Interest expense | 160,000 | 316,000 | 493,000 | 771,000 |
| Net interest income | 488,000 | 1,042,000 | 1,628,000 | 2,281,000 |
| Noninterest income | 166,000 | 372,000 | 659,000 | 967,000 |
| Noninterest expense | 623,000 | 1,244,000 | 2,088,000 | 2,917,000 |
| Provision for loan losses | 0 | 83,000 | 103,000 | 103,000 |
| Pretax income | 31,000 | 87,000 | 96,000 | 236,000 |
| Income tax | 11,000 | 30,000 | 33,000 | 93,000 |
| Net income | 20,000 | 62,000 | 68,000 | 143,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Tier 1 capital | 9,315,000 | 9,357,000 | 9,363,000 | 9,438,000 |
| Total capital | 9,877,000 | 9,937,000 | 10,000,000 | 10,100,000 |
| Risk-weighted assets | 44,764,000 | 46,099,000 | 50,907,000 | 52,920,000 |
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