Call reports 2010
SOUTHERN COMMERCE BANK, NATIONAL ASSOCIATION — 2010
What SOUTHERN COMMERCE BANK, NATIONAL ASSOCIATION reported to the FFIEC in 2010, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Total assets | 257,172,000 | 218,951,000 | 183,787,000 | 126,864,000 |
| Total loans | 110,200,000 | 83,426,000 | 82,253,000 | 74,940,000 |
| Allowance for loan losses | 12,651,000 | 10,940,000 | 10,835,000 | 9,307,000 |
| Securities available for sale | 17,090,000 | 16,944,000 | 11,928,000 | 6,761,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 224,002,000 | 206,642,000 | 173,311,000 | 105,290,000 |
| Interest-bearing deposits | 205,291,000 | 191,439,000 | 156,843,000 | 87,542,000 |
| Noninterest-bearing deposits | 18,711,000 | 15,203,000 | 16,468,000 | 17,748,000 |
| Equity capital | 10,724,000 | 10,835,000 | 9,095,000 | 19,369,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Interest income | 1,210,000 | 2,270,000 | 3,202,000 | 4,057,000 |
| Interest expense | 1,053,000 | 2,051,000 | 2,913,000 | 3,410,000 |
| Net interest income | 157,000 | 219,000 | 289,000 | 647,000 |
| Noninterest income | 849,000 | 22,000 | 457,000 | 951,000 |
| Noninterest expense | 1,961,000 | 3,768,000 | 5,655,000 | 7,811,000 |
| Provision for loan losses | 5,250,000 | 4,600,000 | 5,100,000 | 5,400,000 |
| Pretax income | -6,205,000 | -8,127,000 | -10,009,000 | -11,613,000 |
| Income tax | -251,000 | -903,000 | -1,072,000 | -2,482,000 |
| Net income | -5,954,000 | -7,224,000 | -8,937,000 | -9,131,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Tier 1 capital | 10,604,000 | 10,733,000 | 9,021,000 | 19,326,000 |
| Total capital | 12,150,000 | 11,923,000 | 10,132,000 | 20,399,000 |
| Risk-weighted assets | 111,998,000 | 84,534,000 | 78,024,000 | 77,013,000 |