Call reports 2013
SOUTHERN COMMERCE BANK, NATIONAL ASSOCIATION — 2013
What SOUTHERN COMMERCE BANK, NATIONAL ASSOCIATION reported to the FFIEC in 2013, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Total assets | 79,981,000 | 76,103,000 | 70,587,000 | 79,517,000 |
| Total loans | 42,394,000 | 19,362,000 | 20,950,000 | 30,314,000 |
| Allowance for loan losses | 5,839,000 | 1,233,000 | 1,186,000 | 1,440,000 |
| Securities available for sale | 12,296,000 | 26,252,000 | 26,032,000 | 15,033,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 64,920,000 | 62,073,000 | 56,874,000 | 53,913,000 |
| Interest-bearing deposits | 51,513,000 | 48,703,000 | 44,315,000 | 41,917,000 |
| Noninterest-bearing deposits | 13,407,000 | 13,370,000 | 12,559,000 | 11,996,000 |
| Equity capital | 13,517,000 | 12,701,000 | 12,517,000 | 24,859,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Interest income | 411,000 | 868,000 | 1,258,000 | 1,656,000 |
| Interest expense | 78,000 | 148,000 | 209,000 | 263,000 |
| Net interest income | 333,000 | 720,000 | 1,049,000 | 1,393,000 |
| Noninterest income | 1,027,000 | 1,842,000 | 2,799,000 | 3,654,000 |
| Noninterest expense | 1,597,000 | 3,010,000 | 4,213,000 | 5,536,000 |
| Provision for loan losses | 0 | 125,000 | 260,000 | 510,000 |
| Pretax income | -237,000 | -573,000 | -625,000 | -969,000 |
| Income tax | 0 | 0 | 0 | -12,567,000 |
| Net income | -237,000 | -573,000 | -625,000 | 11,598,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Tier 1 capital | 13,148,000 | 12,812,000 | 12,760,000 | 12,070,000 |
| Total capital | 13,761,000 | 13,172,000 | 13,125,000 | 12,512,000 |
| Risk-weighted assets | 42,586,000 | 27,386,000 | 27,938,000 | 34,329,000 |