Call reports 2011
SOUTHERN COMMERCE BANK, NATIONAL ASSOCIATION — 2011
What SOUTHERN COMMERCE BANK, NATIONAL ASSOCIATION reported to the FFIEC in 2011, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Total assets | 112,376,000 | 114,374,000 | 113,461,000 | 107,794,000 |
| Total loans | 71,898,000 | 65,720,000 | 59,559,000 | 56,297,000 |
| Allowance for loan losses | 9,034,000 | 8,786,000 | 8,131,000 | 7,409,000 |
| Securities available for sale | 6,663,000 | 11,721,000 | 11,526,000 | 21,396,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 89,904,000 | 92,463,000 | 92,999,000 | 90,343,000 |
| Interest-bearing deposits | 75,308,000 | 79,305,000 | 80,612,000 | 76,848,000 |
| Noninterest-bearing deposits | 14,596,000 | 13,158,000 | 12,387,000 | 13,495,000 |
| Equity capital | 18,859,000 | 17,865,000 | 16,329,000 | 15,208,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Interest income | 789,000 | 1,499,000 | 2,174,000 | 2,829,000 |
| Interest expense | 196,000 | 379,000 | 569,000 | 744,000 |
| Net interest income | 593,000 | 1,120,000 | 1,605,000 | 2,085,000 |
| Noninterest income | 109,000 | 418,000 | 877,000 | 443,000 |
| Noninterest expense | 1,674,000 | 3,327,000 | 5,299,000 | 6,896,000 |
| Provision for loan losses | 300,000 | 1,225,000 | 1,225,000 | 1,225,000 |
| Pretax income | -1,272,000 | -3,014,000 | -4,042,000 | -5,593,000 |
| Income tax | -758,000 | -1,504,000 | -934,000 | -1,352,000 |
| Net income | -514,000 | -1,510,000 | -3,108,000 | -4,241,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Tier 1 capital | 18,812,000 | 17,817,000 | 16,218,000 | 15,085,000 |
| Total capital | 19,849,000 | 18,799,000 | 17,138,000 | 15,932,000 |
| Risk-weighted assets | 74,373,000 | 70,014,000 | 64,954,000 | 60,047,000 |