Call reports 2014
BANK OF SOUTHSIDE VIRGINIA, THE — 2014
What BANK OF SOUTHSIDE VIRGINIA, THE 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 | 548,269,000 | 544,850,000 | 539,603,000 | 547,518,000 |
| Total loans | 239,643,000 | 243,723,000 | 246,364,000 | 242,423,000 |
| Allowance for loan losses | 6,182,000 | 6,052,000 | 5,966,000 | 6,010,000 |
| Securities available for sale | 107,542,000 | 108,117,000 | 108,579,000 | 107,108,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 459,388,000 | 452,349,000 | 444,068,000 | 454,781,000 |
| Interest-bearing deposits | 418,439,000 | 410,227,000 | 402,942,000 | 411,465,000 |
| Noninterest-bearing deposits | 40,949,000 | 42,122,000 | 41,126,000 | 43,316,000 |
| Equity capital | 84,827,000 | 88,215,000 | 90,858,000 | 86,327,000 |
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 | 4,826,000 | 9,665,000 | 14,481,000 | 19,240,000 |
| Interest expense | 430,000 | 834,000 | 1,219,000 | 1,587,000 |
| Net interest income | 4,396,000 | 8,831,000 | 13,262,000 | 17,653,000 |
| Noninterest income | 1,189,000 | 2,538,000 | 3,946,000 | 6,134,000 |
| Noninterest expense | 3,404,000 | 6,827,000 | 10,072,000 | 13,719,000 |
| Provision for loan losses | 20,000 | 32,000 | 53,000 | 368,000 |
| Pretax income | 2,801,000 | 5,629,000 | 8,204,000 | 10,719,000 |
| Income tax | 597,000 | 1,211,000 | 1,741,000 | 2,301,000 |
| Net income | 2,204,000 | 4,418,000 | 6,463,000 | 8,418,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Tier 1 capital | 81,826,000 | 84,133,000 | 86,272,000 | 83,760,000 |
| Total capital | 85,458,000 | 87,810,000 | 89,944,000 | 87,440,000 |
| Risk-weighted assets | 288,030,000 | 291,797,000 | 291,529,000 | 292,071,000 |