Call reports 2011
GRANDSOUTH BANK — 2011
What GRANDSOUTH BANK reported to the FFIEC in 2011, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Total assets | 368,277,000 | 377,350,000 | 377,445,000 | 375,227,000 |
| Total loans | 282,635,000 | 283,067,000 | 296,287,000 | 301,875,000 |
| Allowance for loan losses | 7,014,000 | 7,175,000 | 7,429,000 | 6,365,000 |
| Securities available for sale | 43,133,000 | 45,219,000 | 40,584,000 | 36,006,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 298,862,000 | 307,019,000 | 306,824,000 | 304,673,000 |
| Interest-bearing deposits | 278,169,000 | 285,855,000 | 283,256,000 | 280,648,000 |
| Noninterest-bearing deposits | 20,693,000 | 21,164,000 | 23,568,000 | 24,025,000 |
| Equity capital | 44,101,000 | 44,908,000 | 45,108,000 | 45,121,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Interest income | 5,351,000 | 10,532,000 | 15,739,000 | 21,141,000 |
| Interest expense | 1,106,000 | 2,165,000 | 3,121,000 | 3,953,000 |
| Net interest income | 4,245,000 | 8,367,000 | 12,618,000 | 17,188,000 |
| Noninterest income | -130,000 | -113,000 | -109,000 | -169,000 |
| Noninterest expense | 2,378,000 | 4,537,000 | 6,588,000 | 8,751,000 |
| Provision for loan losses | 1,088,000 | 2,175,000 | 3,263,000 | 4,713,000 |
| Pretax income | 649,000 | 1,542,000 | 2,658,000 | 3,531,000 |
| Income tax | 84,000 | 405,000 | 807,000 | 1,124,000 |
| Net income | 565,000 | 1,137,000 | 1,851,000 | 2,407,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Tier 1 capital | 43,150,000 | 43,722,000 | 43,535,000 | 43,441,000 |
| Total capital | 46,902,000 | 47,513,000 | 47,293,000 | 47,172,000 |
| Risk-weighted assets | 296,876,000 | 299,875,000 | 296,975,000 | 295,825,000 |