Call reports 2004
GRANDSOUTH BANK — 2004
What GRANDSOUTH BANK reported to the FFIEC in 2004, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Total assets | 186,610,000 | 200,179,000 | 203,300,000 | 207,897,000 |
| Total loans | 156,145,000 | 165,618,000 | 169,915,000 | 176,458,000 |
| Allowance for loan losses | 2,523,000 | 2,320,000 | 2,321,000 | 2,293,000 |
| Securities available for sale | 13,263,000 | 15,821,000 | 17,507,000 | 16,351,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 161,930,000 | 170,408,000 | 172,561,000 | 176,822,000 |
| Interest-bearing deposits | 151,714,000 | 158,810,000 | 161,825,000 | 167,328,000 |
| Noninterest-bearing deposits | 10,216,000 | 11,598,000 | 10,735,000 | 9,494,000 |
| Equity capital | 15,252,000 | 15,297,000 | 15,935,000 | 16,435,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Interest income | 2,300,000 | 4,792,000 | 7,483,000 | 10,509,000 |
| Interest expense | 797,000 | 1,659,000 | 2,599,000 | 3,675,000 |
| Net interest income | 1,503,000 | 3,133,000 | 4,884,000 | 6,834,000 |
| Noninterest income | 84,000 | 180,000 | 290,000 | 401,000 |
| Noninterest expense | 929,000 | 1,915,000 | 2,926,000 | 3,946,000 |
| Provision for loan losses | 350,000 | 575,000 | 800,000 | 1,000,000 |
| Pretax income | 308,000 | 823,000 | 1,448,000 | 2,289,000 |
| Income tax | 112,000 | 301,000 | 533,000 | 844,000 |
| Net income | 196,000 | 522,000 | 915,000 | 1,445,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Tier 1 capital | 15,229,000 | 15,556,000 | 15,948,000 | 16,478,000 |
| Total capital | 17,187,000 | 17,630,000 | 18,077,000 | 18,715,000 |
| Risk-weighted assets | 156,106,000 | 165,701,000 | 170,192,000 | 178,906,000 |
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