Call reports 2007
SOUTHERN COMMERCE BANK, NATIONAL ASSOCIATION — 2007
What SOUTHERN COMMERCE BANK, NATIONAL ASSOCIATION reported to the FFIEC in 2007, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Total assets | 128,364,000 | 157,495,000 | 161,156,000 | 177,669,000 |
| Total loans | 83,261,000 | 97,645,000 | 105,739,000 | 119,569,000 |
| Allowance for loan losses | 1,189,000 | 1,310,000 | 1,431,000 | 1,534,000 |
| Securities available for sale | 11,942,000 | 14,912,000 | 14,965,000 | 15,111,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 61,000 |
| Total deposits | 89,355,000 | 119,160,000 | 122,451,000 | 138,616,000 |
| Interest-bearing deposits | 72,260,000 | 104,341,000 | 107,101,000 | 119,953,000 |
| Noninterest-bearing deposits | 17,095,000 | 14,819,000 | 15,350,000 | 18,663,000 |
| Equity capital | 34,387,000 | 37,559,000 | 37,777,000 | 37,819,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Interest income | 2,029,000 | 4,400,000 | 7,044,000 | 9,793,000 |
| Interest expense | 768,000 | 1,819,000 | 3,130,000 | 4,554,000 |
| Net interest income | 1,261,000 | 2,581,000 | 3,914,000 | 5,239,000 |
| Noninterest income | 73,000 | 132,000 | 228,000 | 308,000 |
| Noninterest expense | 802,000 | 1,739,000 | 2,727,000 | 4,080,000 |
| Provision for loan losses | 120,000 | 240,000 | 360,000 | 480,000 |
| Pretax income | 412,000 | 734,000 | 1,055,000 | 987,000 |
| Income tax | 162,000 | 288,000 | 414,000 | 387,000 |
| Net income | 250,000 | 446,000 | 641,000 | 600,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Tier 1 capital | 19,345,000 | 20,088,000 | 20,312,000 | 20,301,000 |
| Total capital | 20,482,000 | 21,413,000 | 21,705,000 | 21,873,000 |
| Risk-weighted assets | 90,914,000 | 105,939,000 | 111,387,000 | 126,695,000 |
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