Call reports 2008
SOUTHCREST BANK, NATIONAL ASSOCIATION — 2008
What SOUTHCREST BANK, NATIONAL ASSOCIATION reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 170,516,000 | 168,038,000 | 165,880,000 | 167,612,000 |
| Total loans | 116,802,000 | 117,857,000 | 120,876,000 | 119,278,000 |
| Allowance for loan losses | 1,497,000 | 1,806,000 | 1,772,000 | 1,840,000 |
| Securities available for sale | 30,923,000 | 30,509,000 | 26,663,000 | 24,516,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 145,103,000 | 143,071,000 | 140,188,000 | 143,378,000 |
| Interest-bearing deposits | 123,921,000 | 122,454,000 | 120,686,000 | 123,816,000 |
| Noninterest-bearing deposits | 21,182,000 | 20,617,000 | 19,502,000 | 19,562,000 |
| Equity capital | 23,648,000 | 23,487,000 | 23,457,000 | 22,755,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 2,626,000 | 5,044,000 | 7,461,000 | 9,735,000 |
| Interest expense | 893,000 | 1,686,000 | 2,423,000 | 3,121,000 |
| Net interest income | 1,733,000 | 3,358,000 | 5,038,000 | 6,614,000 |
| Noninterest income | 446,000 | 863,000 | 1,299,000 | 1,599,000 |
| Noninterest expense | 1,431,000 | 2,874,000 | 4,246,000 | 6,297,000 |
| Provision for loan losses | 50,000 | 420,000 | 587,000 | 825,000 |
| Pretax income | 698,000 | 927,000 | 1,504,000 | 1,091,000 |
| Income tax | 223,000 | 271,000 | 449,000 | 517,000 |
| Net income | 475,000 | 656,000 | 1,055,000 | 574,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 19,830,000 | 20,042,000 | 19,972,000 | 19,252,000 |
| Total capital | 21,191,000 | 21,413,000 | 21,370,000 | 20,612,000 |
| Risk-weighted assets | 108,778,000 | 109,249,000 | 111,444,000 | 108,338,000 |