Call reports 2007
SOUTHERN COMMUNITY BANK — 2007
What SOUTHERN COMMUNITY BANK reported to the FFIEC in 2007, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Total assets | 44,364,000 | 47,427,000 | 50,737,000 | 53,908,000 |
| Total loans | 28,195,000 | 29,992,000 | 34,570,000 | 40,448,000 |
| Allowance for loan losses | 355,000 | 377,000 | 435,000 | 510,000 |
| Securities available for sale | 3,502,000 | 5,060,000 | 6,306,000 | 6,189,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 32,751,000 | 35,936,000 | 39,280,000 | 42,665,000 |
| Interest-bearing deposits | 29,248,000 | 31,638,000 | 36,521,000 | 39,497,000 |
| Noninterest-bearing deposits | 3,503,000 | 4,298,000 | 2,759,000 | 3,168,000 |
| Equity capital | 11,382,000 | 11,301,000 | 11,286,000 | 11,084,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Interest income | 669,000 | 1,412,000 | 2,226,000 | 3,112,000 |
| Interest expense | 271,000 | 605,000 | 978,000 | 1,405,000 |
| Net interest income | 398,000 | 807,000 | 1,248,000 | 1,707,000 |
| Noninterest income | 128,000 | 262,000 | 398,000 | 540,000 |
| Noninterest expense | 569,000 | 1,140,000 | 1,733,000 | 2,311,000 |
| Provision for loan losses | 0 | 22,000 | 83,000 | 358,000 |
| Pretax income | -43,000 | -93,000 | -169,000 | -419,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | -43,000 | -93,000 | -169,000 | -419,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Tier 1 capital | 11,378,000 | 11,348,000 | 11,276,000 | 11,029,000 |
| Total capital | 11,733,000 | 11,725,000 | 11,711,000 | 11,539,000 |
| Risk-weighted assets | 31,429,000 | 32,837,000 | 36,706,000 | 41,971,000 |
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