Call reports 2007
SOUTHCREST BANK, NATIONAL ASSOCIATION — 2007
What SOUTHCREST BANK, NATIONAL ASSOCIATION reported to the FFIEC in 2007, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Total assets | 172,281,000 | 170,280,000 | 170,849,000 | 167,383,000 |
| Total loans | 112,530,000 | 112,459,000 | 119,142,000 | 116,550,000 |
| Allowance for loan losses | 1,457,000 | 1,428,000 | 1,494,000 | 1,455,000 |
| Securities available for sale | 42,509,000 | 38,348,000 | 34,783,000 | 30,498,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 143,207,000 | 144,103,000 | 143,520,000 | 143,174,000 |
| Interest-bearing deposits | 118,887,000 | 122,011,000 | 122,413,000 | 123,071,000 |
| Noninterest-bearing deposits | 24,320,000 | 22,092,000 | 21,107,000 | 20,103,000 |
| Equity capital | 24,431,000 | 24,902,000 | 22,725,000 | 23,060,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Interest income | 2,703,000 | 5,423,000 | 8,220,000 | 11,035,000 |
| Interest expense | 935,000 | 1,876,000 | 2,898,000 | 3,877,000 |
| Net interest income | 1,768,000 | 3,547,000 | 5,322,000 | 7,158,000 |
| Noninterest income | 458,000 | 897,000 | 1,408,000 | 1,741,000 |
| Noninterest expense | 1,344,000 | 2,710,000 | 4,108,000 | 5,460,000 |
| Provision for loan losses | 45,000 | 45,000 | 130,000 | 150,000 |
| Pretax income | 837,000 | 1,689,000 | 2,492,000 | 3,289,000 |
| Income tax | 271,000 | 551,000 | 819,000 | 1,089,000 |
| Net income | 566,000 | 1,138,000 | 1,673,000 | 2,200,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Tier 1 capital | 20,613,000 | 21,234,000 | 19,345,000 | 19,504,000 |
| Total capital | 21,977,000 | 22,583,000 | 20,757,000 | 20,891,000 |
| Risk-weighted assets | 108,988,000 | 107,841,000 | 112,862,000 | 110,889,000 |