Call reports 2014
SOUTHERN COMMUNITY BANK — 2014
What SOUTHERN COMMUNITY BANK 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 | 145,201,000 | 153,152,000 | 154,940,000 | 161,001,000 |
| Total loans | 108,335,000 | 119,350,000 | 112,076,000 | 122,314,000 |
| Allowance for loan losses | 1,087,000 | 1,185,000 | 1,188,000 | 1,223,000 |
| Securities available for sale | 16,733,000 | 15,951,000 | 19,458,000 | 19,640,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 126,279,000 | 133,878,000 | 135,475,000 | 141,275,000 |
| Interest-bearing deposits | 117,511,000 | 121,602,000 | 123,503,000 | 130,853,000 |
| Noninterest-bearing deposits | 8,768,000 | 12,276,000 | 11,972,000 | 10,422,000 |
| Equity capital | 16,839,000 | 17,085,000 | 17,025,000 | 17,273,000 |
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 | 1,511,000 | 3,083,000 | 4,657,000 | 6,291,000 |
| Interest expense | 208,000 | 426,000 | 652,000 | 891,000 |
| Net interest income | 1,303,000 | 2,657,000 | 4,005,000 | 5,400,000 |
| Noninterest income | 256,000 | 553,000 | 872,000 | 1,103,000 |
| Noninterest expense | 1,444,000 | 2,771,000 | 4,212,000 | 5,455,000 |
| Provision for loan losses | 34,000 | 131,000 | 133,000 | 199,000 |
| Pretax income | 98,000 | 325,000 | 549,000 | 866,000 |
| Income tax | 38,000 | 115,000 | 201,000 | 315,000 |
| Net income | 60,000 | 210,000 | 348,000 | 551,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Tier 1 capital | 15,055,000 | 15,206,000 | 15,151,000 | 15,355,000 |
| Total capital | 16,142,000 | 16,391,000 | 16,339,000 | 16,578,000 |
| Risk-weighted assets | 111,597,000 | 119,960,000 | 115,805,000 | 124,970,000 |