Call reports 2008
SOUTHERN COMMUNITY BANK — 2008
What SOUTHERN COMMUNITY BANK reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 55,349,000 | 58,836,000 | 62,233,000 | 64,693,000 |
| Total loans | 42,445,000 | 41,675,000 | 45,794,000 | 51,834,000 |
| Allowance for loan losses | 534,000 | 525,000 | 576,000 | 588,000 |
| Securities available for sale | 5,459,000 | 7,925,000 | 7,811,000 | 7,963,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 44,045,000 | 47,044,000 | 50,200,000 | 52,005,000 |
| Interest-bearing deposits | 39,771,000 | 42,007,000 | 45,683,000 | 48,219,000 |
| Noninterest-bearing deposits | 4,274,000 | 5,037,000 | 4,517,000 | 3,786,000 |
| Equity capital | 11,172,000 | 11,599,000 | 11,818,000 | 12,473,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 882,000 | 1,709,000 | 2,584,000 | 3,457,000 |
| Interest expense | 391,000 | 752,000 | 1,131,000 | 1,525,000 |
| Net interest income | 491,000 | 957,000 | 1,453,000 | 1,932,000 |
| Noninterest income | 122,000 | 282,000 | 416,000 | 606,000 |
| Noninterest expense | 554,000 | 1,132,000 | 1,745,000 | 2,339,000 |
| Provision for loan losses | 26,000 | 10,000 | 60,000 | 90,000 |
| Pretax income | 33,000 | 97,000 | 64,000 | 109,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 33,000 | 97,000 | 64,000 | 109,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 11,065,000 | 11,631,000 | 11,786,000 | 12,449,000 |
| Total capital | 11,599,000 | 12,156,000 | 12,362,000 | 13,037,000 |
| Risk-weighted assets | 44,373,000 | 46,454,000 | 49,439,000 | 54,393,000 |
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