Call reports 2013
GRANDSOUTH BANK — 2013
What GRANDSOUTH BANK reported to the FFIEC in 2013, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Total assets | 378,965,000 | 384,681,000 | 387,539,000 | 389,736,000 |
| Total loans | 293,401,000 | 319,958,000 | 317,277,000 | 323,314,000 |
| Allowance for loan losses | 5,359,000 | 3,804,000 | 3,940,000 | 4,361,000 |
| Securities available for sale | 24,717,000 | 26,029,000 | 27,450,000 | 27,892,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 312,070,000 | 316,858,000 | 319,879,000 | 321,648,000 |
| Interest-bearing deposits | 278,189,000 | 280,958,000 | 283,761,000 | 285,928,000 |
| Noninterest-bearing deposits | 33,881,000 | 35,900,000 | 36,118,000 | 35,720,000 |
| Equity capital | 46,297,000 | 46,109,000 | 45,692,000 | 45,828,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Interest income | 5,401,000 | 11,075,000 | 17,006,000 | 23,335,000 |
| Interest expense | 644,000 | 1,224,000 | 1,767,000 | 2,307,000 |
| Net interest income | 4,757,000 | 9,851,000 | 15,239,000 | 21,028,000 |
| Noninterest income | 171,000 | 297,000 | 393,000 | 452,000 |
| Noninterest expense | 3,016,000 | 6,196,000 | 9,437,000 | 12,686,000 |
| Provision for loan losses | 750,000 | 1,500,000 | 3,015,000 | 4,269,000 |
| Pretax income | 1,162,000 | 2,452,000 | 3,180,000 | 4,525,000 |
| Income tax | 380,000 | 807,000 | 1,025,000 | 1,467,000 |
| Net income | 782,000 | 1,645,000 | 2,155,000 | 3,058,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Tier 1 capital | 44,941,000 | 44,942,000 | 44,467,000 | 45,254,000 |
| Total capital | 48,451,000 | 48,538,000 | 48,127,000 | 48,999,000 |
| Risk-weighted assets | 279,079,000 | 287,512,000 | 292,558,000 | 298,967,000 |