Call reports 2010
GRANDSOUTH BANK — 2010
What GRANDSOUTH BANK reported to the FFIEC in 2010, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Total assets | 382,017,000 | 382,285,000 | 370,229,000 | 362,498,000 |
| Total loans | 299,871,000 | 299,076,000 | 293,701,000 | 288,374,000 |
| Allowance for loan losses | 5,976,000 | 6,780,000 | 6,139,000 | 6,082,000 |
| Securities available for sale | 35,626,000 | 41,045,000 | 38,942,000 | 39,811,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 312,231,000 | 312,857,000 | 299,698,000 | 293,528,000 |
| Interest-bearing deposits | 285,293,000 | 285,236,000 | 279,436,000 | 275,116,000 |
| Noninterest-bearing deposits | 26,938,000 | 27,621,000 | 20,262,000 | 18,412,000 |
| Equity capital | 44,291,000 | 44,120,000 | 44,488,000 | 43,454,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Interest income | 5,527,000 | 10,744,000 | 15,882,000 | 21,317,000 |
| Interest expense | 1,621,000 | 3,167,000 | 4,557,000 | 5,758,000 |
| Net interest income | 3,906,000 | 7,577,000 | 11,325,000 | 15,559,000 |
| Noninterest income | 168,000 | 110,000 | 288,000 | -268,000 |
| Noninterest expense | 2,246,000 | 4,588,000 | 7,092,000 | 9,575,000 |
| Provision for loan losses | 2,050,000 | 4,050,000 | 5,350,000 | 7,050,000 |
| Pretax income | -222,000 | -951,000 | -829,000 | -1,251,000 |
| Income tax | -57,000 | -353,000 | -316,000 | -450,000 |
| Net income | -165,000 | -598,000 | -513,000 | -801,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Tier 1 capital | 43,220,000 | 42,786,000 | 42,872,000 | 42,584,000 |
| Total capital | 47,089,000 | 46,655,000 | 46,756,000 | 46,373,000 |
| Risk-weighted assets | 307,420,000 | 306,926,000 | 308,456,000 | 301,862,000 |