Call reports 2014
SOUTHERN COMMERCE BANK, NATIONAL ASSOCIATION — 2014
What SOUTHERN COMMERCE BANK, NATIONAL ASSOCIATION reported to the FFIEC in 2014, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Total assets | 80,584,000 | 75,457,000 | 77,178,000 | 70,284,000 |
| Total loans | 30,248,000 | 29,659,000 | 32,168,000 | 28,841,000 |
| Allowance for loan losses | 1,397,000 | 1,306,000 | 1,248,000 | 1,144,000 |
| Securities available for sale | 14,666,000 | 14,256,000 | 12,757,000 | 12,389,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 54,865,000 | 49,809,000 | 51,367,000 | 44,294,000 |
| Interest-bearing deposits | 40,751,000 | 39,251,000 | 37,531,000 | 34,161,000 |
| Noninterest-bearing deposits | 14,114,000 | 10,558,000 | 13,836,000 | 10,133,000 |
| Equity capital | 25,009,000 | 25,206,000 | 25,350,000 | 25,442,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Interest income | 411,000 | 832,000 | 1,294,000 | 1,746,000 |
| Interest expense | 48,000 | 96,000 | 145,000 | 189,000 |
| Net interest income | 363,000 | 736,000 | 1,149,000 | 1,557,000 |
| Noninterest income | 884,000 | 1,786,000 | 2,623,000 | 3,295,000 |
| Noninterest expense | 1,093,000 | 2,130,000 | 3,102,000 | 4,232,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 154,000 | 392,000 | 670,000 | 620,000 |
| Income tax | 60,000 | 153,000 | 261,000 | 189,000 |
| Net income | 94,000 | 239,000 | 409,000 | 431,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Tier 1 capital | 12,303,000 | 12,610,000 | 13,056,000 | 13,130,000 |
| Total capital | 12,749,000 | 13,047,000 | 13,517,000 | 13,557,000 |
| Risk-weighted assets | 34,599,000 | 33,674,000 | 35,758,000 | 32,841,000 |