Call reports 2009
GRANDSOUTH BANK — 2009
What GRANDSOUTH BANK reported to the FFIEC in 2009, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Total assets | 374,105,000 | 370,250,000 | 369,546,000 | 382,492,000 |
| Total loans | 305,007,000 | 307,928,000 | 305,187,000 | 304,948,000 |
| Allowance for loan losses | 3,770,000 | 4,587,000 | 5,530,000 | 6,380,000 |
| Securities available for sale | 45,211,000 | 38,162,000 | 35,698,000 | 34,141,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 315,759,000 | 302,188,000 | 307,037,000 | 317,718,000 |
| Interest-bearing deposits | 290,466,000 | 282,899,000 | 286,780,000 | 292,447,000 |
| Noninterest-bearing deposits | 25,293,000 | 19,289,000 | 20,257,000 | 25,271,000 |
| Equity capital | 30,909,000 | 36,836,000 | 37,234,000 | 39,582,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Interest income | 5,473,000 | 11,038,000 | 16,641,000 | 22,308,000 |
| Interest expense | 2,395,000 | 4,548,000 | 6,523,000 | 8,322,000 |
| Net interest income | 3,078,000 | 6,490,000 | 10,118,000 | 13,986,000 |
| Noninterest income | 222,000 | 452,000 | 644,000 | 838,000 |
| Noninterest expense | 2,040,000 | 4,144,000 | 6,185,000 | 8,406,000 |
| Provision for loan losses | 600,000 | 1,850,000 | 4,150,000 | 5,750,000 |
| Pretax income | 660,000 | 948,000 | 427,000 | 633,000 |
| Income tax | 242,000 | 299,000 | 111,000 | -14,000 |
| Net income | 418,000 | 649,000 | 316,000 | 647,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Tier 1 capital | 30,379,000 | 36,527,000 | 36,193,000 | 38,585,000 |
| Total capital | 34,149,000 | 40,400,000 | 40,032,000 | 42,454,000 |
| Risk-weighted assets | 312,652,000 | 309,193,000 | 306,397,000 | 308,205,000 |