Call reports 2008
GRANDSOUTH BANK — 2008
What GRANDSOUTH BANK reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 351,220,000 | 364,823,000 | 376,862,000 | 373,937,000 |
| Total loans | 268,639,000 | 287,878,000 | 293,790,000 | 301,632,000 |
| Allowance for loan losses | 3,071,000 | 3,246,000 | 3,553,000 | 4,110,000 |
| Securities available for sale | 55,497,000 | 53,345,000 | 50,571,000 | 47,379,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 309,527,000 | 303,745,000 | 314,748,000 | 312,606,000 |
| Interest-bearing deposits | 290,318,000 | 283,531,000 | 295,168,000 | 296,161,000 |
| Noninterest-bearing deposits | 19,208,000 | 20,214,000 | 19,580,000 | 16,445,000 |
| Equity capital | 29,114,000 | 29,206,000 | 31,399,000 | 31,111,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 6,587,000 | 12,856,000 | 18,982,000 | 24,643,000 |
| Interest expense | 3,218,000 | 6,132,000 | 9,091,000 | 11,923,000 |
| Net interest income | 3,369,000 | 6,724,000 | 9,891,000 | 12,720,000 |
| Noninterest income | 186,000 | 378,000 | 629,000 | 802,000 |
| Noninterest expense | 2,212,000 | 4,206,000 | 6,117,000 | 8,092,000 |
| Provision for loan losses | 255,000 | 715,000 | 1,385,000 | 2,880,000 |
| Pretax income | 1,088,000 | 2,181,000 | 3,034,000 | 2,566,000 |
| Income tax | 387,000 | 780,000 | 1,086,000 | 907,000 |
| Net income | 701,000 | 1,401,000 | 1,948,000 | 1,659,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 28,047,000 | 28,591,000 | 30,553,000 | 30,112,000 |
| Total capital | 31,118,000 | 31,837,000 | 34,106,000 | 34,002,000 |
| Risk-weighted assets | 287,533,000 | 303,291,000 | 309,438,000 | 310,668,000 |
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