Call reports 2005
GRANDSOUTH BANK — 2005
What GRANDSOUTH BANK reported to the FFIEC in 2005, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2005Q1 | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|---|
| Total assets | 220,809,000 | 231,172,000 | 235,229,000 | 251,830,000 |
| Total loans | 178,881,000 | 187,571,000 | 189,735,000 | 200,362,000 |
| Allowance for loan losses | 2,379,000 | 2,453,000 | 2,681,000 | 3,050,000 |
| Securities available for sale | 17,553,000 | 25,119,000 | 27,232,000 | 28,160,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 189,306,000 | 196,915,000 | 207,177,000 | 222,259,000 |
| Interest-bearing deposits | 177,270,000 | 185,922,000 | 195,160,000 | 209,340,000 |
| Noninterest-bearing deposits | 12,037,000 | 10,993,000 | 12,018,000 | 12,919,000 |
| Equity capital | 16,815,000 | 17,488,000 | 18,133,000 | 18,894,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2005Q1 | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|---|
| Interest income | 3,135,000 | 6,882,000 | 11,249,000 | 16,066,000 |
| Interest expense | 1,190,000 | 2,586,000 | 4,301,000 | 6,179,000 |
| Net interest income | 1,945,000 | 4,296,000 | 6,948,000 | 9,887,000 |
| Noninterest income | 120,000 | 269,000 | 403,000 | 562,000 |
| Noninterest expense | 996,000 | 2,238,000 | 3,657,000 | 5,481,000 |
| Provision for loan losses | 225,000 | 500,000 | 800,000 | 1,125,000 |
| Pretax income | 862,000 | 1,845,000 | 2,912,000 | 3,861,000 |
| Income tax | 319,000 | 684,000 | 1,078,000 | 1,284,000 |
| Net income | 543,000 | 1,161,000 | 1,834,000 | 2,577,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2005Q1 | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|---|
| Tier 1 capital | 17,021,000 | 17,639,000 | 18,311,000 | 18,518,000 |
| Total capital | 19,331,000 | 20,092,000 | 20,816,000 | 21,145,000 |
| Risk-weighted assets | 184,741,000 | 197,778,000 | 200,187,000 | 209,764,000 |
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