Call reports 2008
SOUTHERN COMMERCE BANK, NATIONAL ASSOCIATION — 2008
What SOUTHERN COMMERCE BANK, NATIONAL ASSOCIATION 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 | 209,070,000 | 214,144,000 | 206,179,000 | 238,249,000 |
| Total loans | 148,212,000 | 170,882,000 | 163,403,000 | 159,115,000 |
| Allowance for loan losses | 1,660,000 | 1,886,000 | 1,887,000 | 2,703,000 |
| Securities available for sale | 17,321,000 | 17,516,000 | 17,450,000 | 17,463,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 112,000 | 0 | 0 | 0 |
| Total deposits | 169,955,000 | 144,949,000 | 140,705,000 | 200,178,000 |
| Interest-bearing deposits | 154,996,000 | 125,451,000 | 125,283,000 | 182,328,000 |
| Noninterest-bearing deposits | 14,959,000 | 19,498,000 | 15,422,000 | 17,850,000 |
| Equity capital | 37,775,000 | 37,532,000 | 37,017,000 | 36,176,000 |
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 | 2,854,000 | 5,909,000 | 9,015,000 | 11,910,000 |
| Interest expense | 1,578,000 | 2,937,000 | 4,229,000 | 5,722,000 |
| Net interest income | 1,276,000 | 2,972,000 | 4,786,000 | 6,188,000 |
| Noninterest income | 143,000 | 394,000 | 995,000 | 1,502,000 |
| Noninterest expense | 1,512,000 | 3,368,000 | 5,361,000 | 7,528,000 |
| Provision for loan losses | 180,000 | 425,000 | 1,645,000 | 2,850,000 |
| Pretax income | -273,000 | -427,000 | -1,225,000 | -2,688,000 |
| Income tax | -107,000 | -163,000 | -475,000 | -1,048,000 |
| Net income | -166,000 | -264,000 | -750,000 | -1,640,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 20,164,000 | 20,094,000 | 19,639,000 | 18,779,000 |
| Total capital | 21,866,000 | 22,022,000 | 21,568,000 | 20,853,000 |
| Risk-weighted assets | 157,922,000 | 176,507,000 | 168,879,000 | 164,986,000 |