Call reports 2014
GRANDSOUTH BANK — 2014
What GRANDSOUTH BANK reported to the FFIEC in 2014, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Total assets | 401,477,000 | 393,255,000 | 388,082,000 | 379,044,000 |
| Total loans | 320,635,000 | 309,248,000 | 308,407,000 | 308,257,000 |
| Allowance for loan losses | 4,553,000 | 4,485,000 | 4,825,000 | 4,813,000 |
| Securities available for sale | 27,494,000 | 38,183,000 | 35,778,000 | 29,525,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 333,215,000 | 324,655,000 | 327,339,000 | 308,253,000 |
| Interest-bearing deposits | 293,121,000 | 285,023,000 | 288,304,000 | 275,111,000 |
| Noninterest-bearing deposits | 40,094,000 | 39,632,000 | 39,034,000 | 33,142,000 |
| Equity capital | 46,165,000 | 46,553,000 | 46,559,000 | 46,770,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Interest income | 6,056,000 | 12,098,000 | 18,161,000 | 24,370,000 |
| Interest expense | 496,000 | 1,000,000 | 1,490,000 | 1,923,000 |
| Net interest income | 5,560,000 | 11,098,000 | 16,671,000 | 22,447,000 |
| Noninterest income | -153,000 | -129,000 | -232,000 | -435,000 |
| Noninterest expense | 3,171,000 | 6,474,000 | 9,834,000 | 13,410,000 |
| Provision for loan losses | 550,000 | 1,100,000 | 1,467,000 | 1,467,000 |
| Pretax income | 1,686,000 | 3,395,000 | 5,138,000 | 7,138,000 |
| Income tax | 595,000 | 1,234,000 | 1,887,000 | 2,634,000 |
| Net income | 1,091,000 | 2,161,000 | 3,251,000 | 4,504,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Tier 1 capital | 45,350,000 | 45,540,000 | 45,545,000 | 45,652,000 |
| Total capital | 49,081,000 | 49,159,000 | 49,205,000 | 49,290,000 |
| Risk-weighted assets | 297,619,000 | 288,891,000 | 291,650,000 | 289,882,000 |