Call reports 2015
GRANDSOUTH BANK — 2015
What GRANDSOUTH BANK reported to the FFIEC in 2015, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Total assets | 401,139,000 | 403,656,000 | 423,752,000 | 426,010,000 |
| Total loans | 318,291,000 | 334,173,000 | 350,811,000 | 369,351,000 |
| Allowance for loan losses | 4,584,000 | 4,246,000 | 4,182,000 | 4,315,000 |
| Securities available for sale | 29,280,000 | 23,982,000 | 17,844,000 | 14,886,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 334,723,000 | 336,986,000 | 351,953,000 | 354,238,000 |
| Interest-bearing deposits | 296,019,000 | 292,583,000 | 304,523,000 | 304,746,000 |
| Noninterest-bearing deposits | 38,704,000 | 44,403,000 | 47,430,000 | 49,492,000 |
| Equity capital | 47,349,000 | 47,410,000 | 47,169,000 | 47,407,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Interest income | 6,420,000 | 13,017,000 | 19,925,000 | 26,918,000 |
| Interest expense | 415,000 | 869,000 | 1,356,000 | 1,853,000 |
| Net interest income | 6,005,000 | 12,148,000 | 18,569,000 | 25,065,000 |
| Noninterest income | 144,000 | 289,000 | 334,000 | 431,000 |
| Noninterest expense | 3,249,000 | 6,835,000 | 10,701,000 | 14,833,000 |
| Provision for loan losses | 0 | 0 | 390,000 | 1,100,000 |
| Pretax income | 2,900,000 | 5,605,000 | 7,835,000 | 9,586,000 |
| Income tax | 1,080,000 | 2,085,000 | 2,888,000 | 3,395,000 |
| Net income | 1,820,000 | 3,520,000 | 4,947,000 | 6,191,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Tier 1 capital | 46,172,000 | 46,371,000 | 46,098,000 | 46,423,000 |
| Total capital | 50,107,000 | 50,496,000 | 50,280,000 | 50,738,000 |
| Risk-weighted assets | 314,150,000 | 329,915,000 | 349,266,000 | 370,828,000 |