Call reports 2007
SOUTHERN BANK — 2007
What SOUTHERN BANK 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 | 366,002,000 | 377,458,000 | 383,495,000 | 390,147,000 |
| Total loans | 303,754,000 | 314,601,000 | 321,921,000 | 322,523,000 |
| Allowance for loan losses | 2,284,000 | 2,538,000 | 2,619,000 | 2,852,000 |
| Securities available for sale | 36,061,000 | 34,723,000 | 34,647,000 | 38,007,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 252,457,000 | 271,994,000 | 266,944,000 | 274,790,000 |
| Interest-bearing deposits | 235,752,000 | 247,875,000 | 245,496,000 | 254,391,000 |
| Noninterest-bearing deposits | 16,705,000 | 24,119,000 | 21,448,000 | 20,399,000 |
| Equity capital | 31,093,000 | 31,627,000 | 32,367,000 | 33,292,000 |
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 | 5,941,000 | 12,104,000 | 18,460,000 | 24,861,000 |
| Interest expense | 3,324,000 | 6,759,000 | 10,316,000 | 13,775,000 |
| Net interest income | 2,617,000 | 5,345,000 | 8,144,000 | 11,086,000 |
| Noninterest income | 473,000 | 1,036,000 | 1,640,000 | 2,234,000 |
| Noninterest expense | 1,799,000 | 3,704,000 | 5,562,000 | 7,423,000 |
| Provision for loan losses | 100,000 | 385,000 | 495,000 | 585,000 |
| Pretax income | 1,191,000 | 2,292,000 | 3,727,000 | 5,312,000 |
| Income tax | 408,000 | 559,000 | 1,040,000 | 1,579,000 |
| Net income | 783,000 | 1,733,000 | 2,687,000 | 3,733,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Tier 1 capital | 29,149,000 | 29,882,000 | 30,519,000 | 31,246,000 |
| Total capital | 31,433,000 | 32,420,000 | 33,138,000 | 34,098,000 |
| Risk-weighted assets | 268,635,000 | 278,104,000 | 281,547,000 | 282,475,000 |
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