Call reports 2007
GRANDSOUTH BANK — 2007
What GRANDSOUTH BANK reported to the FFIEC in 2007, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Total assets | 315,810,000 | 330,069,000 | 339,341,000 | 344,758,000 |
| Total loans | 243,473,000 | 253,165,000 | 260,285,000 | 262,729,000 |
| Allowance for loan losses | 2,651,000 | 2,689,000 | 2,957,000 | 2,943,000 |
| Securities available for sale | 46,000,000 | 46,366,000 | 55,968,000 | 59,567,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 286,245,000 | 300,324,000 | 308,571,000 | 308,172,000 |
| Interest-bearing deposits | 267,130,000 | 282,661,000 | 287,725,000 | 290,601,000 |
| Noninterest-bearing deposits | 19,115,000 | 17,663,000 | 20,845,000 | 17,571,000 |
| Equity capital | 26,444,000 | 26,695,000 | 27,667,000 | 28,447,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Interest income | 6,343,000 | 12,970,000 | 19,745,000 | 26,844,000 |
| Interest expense | 3,063,000 | 6,366,000 | 9,875,000 | 13,321,000 |
| Net interest income | 3,280,000 | 6,604,000 | 9,870,000 | 13,523,000 |
| Noninterest income | 154,000 | 333,000 | 485,000 | 644,000 |
| Noninterest expense | 1,932,000 | 4,066,000 | 5,970,000 | 8,078,000 |
| Provision for loan losses | 255,000 | 425,000 | 680,000 | 1,045,000 |
| Pretax income | 1,247,000 | 2,446,000 | 3,705,000 | 5,044,000 |
| Income tax | 448,000 | 882,000 | 1,335,000 | 1,818,000 |
| Net income | 799,000 | 1,564,000 | 2,370,000 | 3,226,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Tier 1 capital | 25,798,000 | 26,364,000 | 26,920,000 | 27,526,000 |
| Total capital | 28,449,000 | 29,053,000 | 29,877,000 | 30,469,000 |
| Risk-weighted assets | 262,513,000 | 274,382,000 | 278,702,000 | 285,801,000 |
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