Call reports 2009
SOUTHERN COMMERCE BANK, NATIONAL ASSOCIATION — 2009
What SOUTHERN COMMERCE BANK, NATIONAL ASSOCIATION reported to the FFIEC in 2009, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Total assets | 226,974,000 | 211,210,000 | 245,212,000 | 227,814,000 |
| Total loans | 120,293,000 | 115,081,000 | 98,606,000 | 96,282,000 |
| Allowance for loan losses | 4,712,000 | 7,457,000 | 8,297,000 | 8,241,000 |
| Securities available for sale | 15,411,000 | 17,425,000 | 17,373,000 | 17,207,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 191,487,000 | 177,301,000 | 208,173,000 | 210,481,000 |
| Interest-bearing deposits | 170,409,000 | 157,830,000 | 189,566,000 | 191,454,000 |
| Noninterest-bearing deposits | 21,078,000 | 19,471,000 | 18,607,000 | 19,027,000 |
| Equity capital | 34,516,000 | 32,849,000 | 35,843,000 | 16,680,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Interest income | 2,059,000 | 3,799,000 | 5,192,000 | 6,485,000 |
| Interest expense | 1,517,000 | 2,840,000 | 4,148,000 | 5,308,000 |
| Net interest income | 542,000 | 959,000 | 1,044,000 | 1,177,000 |
| Noninterest income | 672,000 | 1,456,000 | 2,226,000 | 3,004,000 |
| Noninterest expense | 1,835,000 | 3,993,000 | 6,042,000 | 25,479,000 |
| Provision for loan losses | 2,140,000 | 8,240,000 | 11,990,000 | 12,790,000 |
| Pretax income | -2,761,000 | -9,818,000 | -14,762,000 | -34,088,000 |
| Income tax | -1,082,000 | -3,062,000 | -3,957,000 | -4,148,000 |
| Net income | -1,679,000 | -6,756,000 | -10,805,000 | -29,940,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Tier 1 capital | 17,130,000 | 15,504,000 | 18,485,000 | 16,558,000 |
| Total capital | 18,720,000 | 17,043,000 | 19,882,000 | 17,931,000 |
| Risk-weighted assets | 123,625,000 | 116,739,000 | 104,208,000 | 102,529,000 |