Call reports 2010
SOUTHERN COMMUNITY BANK — 2010
What SOUTHERN COMMUNITY BANK reported to the FFIEC in 2010, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Total assets | 99,338,000 | 104,451,000 | 103,939,000 | 108,945,000 |
| Total loans | 66,668,000 | 68,264,000 | 70,010,000 | 71,123,000 |
| Allowance for loan losses | 670,000 | 686,000 | 703,000 | 715,000 |
| Securities available for sale | 21,710,000 | 25,513,000 | 23,940,000 | 27,393,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 79,123,000 | 84,037,000 | 84,437,000 | 89,469,000 |
| Interest-bearing deposits | 74,996,000 | 79,277,000 | 79,150,000 | 84,078,000 |
| Noninterest-bearing deposits | 4,127,000 | 4,760,000 | 5,287,000 | 5,391,000 |
| Equity capital | 15,025,000 | 15,195,000 | 15,289,000 | 15,190,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Interest income | 1,080,000 | 2,213,000 | 3,402,000 | 4,626,000 |
| Interest expense | 392,000 | 808,000 | 1,192,000 | 1,532,000 |
| Net interest income | 688,000 | 1,405,000 | 2,210,000 | 3,094,000 |
| Noninterest income | 206,000 | 465,000 | 734,000 | 1,039,000 |
| Noninterest expense | 815,000 | 1,684,000 | 2,577,000 | 3,540,000 |
| Provision for loan losses | 33,000 | 83,000 | 101,000 | 122,000 |
| Pretax income | 46,000 | 147,000 | 381,000 | 582,000 |
| Income tax | -556,000 | -517,000 | -428,000 | -353,000 |
| Net income | 602,000 | 664,000 | 809,000 | 935,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Tier 1 capital | 14,854,000 | 14,918,000 | 15,065,000 | 15,194,000 |
| Total capital | 15,524,000 | 15,604,000 | 15,768,000 | 15,909,000 |
| Risk-weighted assets | 70,543,000 | 72,381,000 | 73,794,000 | 76,470,000 |
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