Call reports 2011
SOUTHERN COMMUNITY BANK — 2011
What SOUTHERN COMMUNITY BANK reported to the FFIEC in 2011, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Total assets | 109,828,000 | 110,344,000 | 112,050,000 | 115,471,000 |
| Total loans | 69,948,000 | 76,300,000 | 80,138,000 | 81,177,000 |
| Allowance for loan losses | 710,000 | 765,000 | 805,000 | 815,000 |
| Securities available for sale | 30,407,000 | 28,304,000 | 25,731,000 | 23,505,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 87,626,000 | 87,531,000 | 86,460,000 | 91,882,000 |
| Interest-bearing deposits | 81,152,000 | 80,879,000 | 79,667,000 | 85,230,000 |
| Noninterest-bearing deposits | 6,474,000 | 6,652,000 | 6,793,000 | 6,652,000 |
| Equity capital | 15,441,000 | 15,937,000 | 16,369,000 | 16,466,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Interest income | 1,208,000 | 2,500,000 | 3,841,000 | 5,174,000 |
| Interest expense | 296,000 | 567,000 | 834,000 | 1,088,000 |
| Net interest income | 912,000 | 1,933,000 | 3,007,000 | 4,086,000 |
| Noninterest income | 289,000 | 558,000 | 909,000 | 1,207,000 |
| Noninterest expense | 968,000 | 1,918,000 | 3,010,000 | 4,037,000 |
| Provision for loan losses | 4,000 | 57,000 | 118,000 | 128,000 |
| Pretax income | 239,000 | 533,000 | 874,000 | 1,221,000 |
| Income tax | 60,000 | 145,000 | 251,000 | 386,000 |
| Net income | 179,000 | 388,000 | 623,000 | 835,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Tier 1 capital | 15,375,000 | 15,585,000 | 15,821,000 | 16,033,000 |
| Total capital | 16,086,000 | 16,350,000 | 16,626,000 | 16,848,000 |
| Risk-weighted assets | 74,107,000 | 78,147,000 | 80,209,000 | 81,929,000 |