Call reports 2011
BANK OF SOUTHSIDE VIRGINIA, THE — 2011
What BANK OF SOUTHSIDE VIRGINIA, THE reported to the FFIEC in 2011, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Total assets | 523,134,000 | 540,601,000 | 536,420,000 | 531,316,000 |
| Total loans | 301,573,000 | 297,629,000 | 291,152,000 | 281,802,000 |
| Allowance for loan losses | 6,248,000 | 6,087,000 | 5,872,000 | 6,974,000 |
| Securities available for sale | 100,119,000 | 100,210,000 | 99,871,000 | 101,654,000 |
| Securities held to maturity | 40,000 | 40,000 | 40,000 | 40,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 448,917,000 | 462,946,000 | 455,126,000 | 452,901,000 |
| Interest-bearing deposits | 410,582,000 | 426,182,000 | 414,129,000 | 406,099,000 |
| Noninterest-bearing deposits | 38,335,000 | 36,764,000 | 40,997,000 | 46,802,000 |
| Equity capital | 69,509,000 | 73,008,000 | 76,464,000 | 71,693,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Interest income | 6,537,000 | 13,003,000 | 19,388,000 | 25,542,000 |
| Interest expense | 1,144,000 | 2,232,000 | 3,233,000 | 4,147,000 |
| Net interest income | 5,393,000 | 10,771,000 | 16,155,000 | 21,395,000 |
| Noninterest income | 1,159,000 | 2,446,000 | 4,019,000 | 5,204,000 |
| Noninterest expense | 3,532,000 | 7,154,000 | 10,491,000 | 13,925,000 |
| Provision for loan losses | 16,000 | 26,000 | 54,000 | 1,436,000 |
| Pretax income | 3,007,000 | 6,049,000 | 9,657,000 | 11,140,000 |
| Income tax | 732,000 | 1,487,000 | 2,347,000 | 2,779,000 |
| Net income | 2,275,000 | 4,562,000 | 7,310,000 | 8,361,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Tier 1 capital | 66,376,000 | 68,755,000 | 71,598,000 | 68,210,000 |
| Total capital | 70,961,000 | 73,055,000 | 75,854,000 | 72,328,000 |
| Risk-weighted assets | 365,104,000 | 342,212,000 | 338,859,000 | 327,321,000 |