Call reports 2017
FIRST SOUTH BANK — 2017
What FIRST SOUTH BANK reported to the FFIEC in 2017, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2017Q1 | 2017Q2 |
|---|---|---|
| Total assets | 476,306,000 | 483,864,000 |
| Total loans | 254,808,000 | 253,557,000 |
| Allowance for loan losses | 2,418,000 | 0 |
| Securities available for sale | 171,302,000 | 91,704,000 |
| Securities held to maturity | 0 | 0 |
| Trading assets | 0 | 0 |
| Total deposits | 394,551,000 | 386,060,000 |
| Interest-bearing deposits | 316,828,000 | 304,461,000 |
| Noninterest-bearing deposits | 77,723,000 | 81,599,000 |
| Equity capital | 58,118,000 | 74,916,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2017Q1 | 2017Q2 |
|---|---|---|
| Interest income | 4,239,000 | 2,389,000 |
| Interest expense | 351,000 | 175,000 |
| Net interest income | 3,888,000 | 2,214,000 |
| Noninterest income | 1,974,000 | 708,000 |
| Noninterest expense | 3,777,000 | 1,393,000 |
| Provision for loan losses | 0 | 0 |
| Pretax income | 2,085,000 | 1,538,000 |
| Income tax | 136,000 | 460,000 |
| Net income | 1,949,000 | 1,078,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2017Q1 | 2017Q2 |
|---|---|---|
| Tier 1 capital | 49,117,000 | 41,052,000 |
| Total capital | 51,535,000 | 41,052,000 |
| Risk-weighted assets | 306,883,000 | 288,835,000 |