Call reports 2011
SOUTHERN BANK — 2011
What SOUTHERN BANK 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 | 702,402,000 | 687,855,000 | 718,431,000 | 773,263,000 |
| Total loans | 557,956,000 | 563,015,000 | 570,845,000 | 549,758,000 |
| Allowance for loan losses | 6,413,000 | 6,438,000 | 6,752,000 | 7,047,000 |
| Securities available for sale | 63,424,000 | 63,327,000 | 64,684,000 | 74,549,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 577,333,000 | 560,967,000 | 580,837,000 | 630,157,000 |
| Interest-bearing deposits | 532,125,000 | 527,572,000 | 544,769,000 | 591,445,000 |
| Noninterest-bearing deposits | 45,208,000 | 33,395,000 | 36,068,000 | 38,712,000 |
| Equity capital | 59,162,000 | 61,962,000 | 73,519,000 | 75,674,000 |
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 | 10,351,000 | 20,338,000 | 30,608,000 | 40,608,000 |
| Interest expense | 2,853,000 | 5,632,000 | 8,319,000 | 10,886,000 |
| Net interest income | 7,498,000 | 14,706,000 | 22,289,000 | 29,722,000 |
| Noninterest income | 803,000 | 1,731,000 | 2,960,000 | 3,907,000 |
| Noninterest expense | 4,077,000 | 7,937,000 | 11,878,000 | 15,866,000 |
| Provision for loan losses | 1,196,000 | 1,468,000 | 1,985,000 | 2,331,000 |
| Pretax income | 3,028,000 | 7,032,000 | 11,386,000 | 15,432,000 |
| Income tax | 937,000 | 2,241,000 | 3,654,000 | 4,940,000 |
| Net income | 2,091,000 | 4,791,000 | 7,732,000 | 10,492,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Tier 1 capital | 57,237,000 | 59,551,000 | 70,954,000 | 73,223,000 |
| Total capital | 63,839,000 | 66,161,000 | 77,565,000 | 79,642,000 |
| Risk-weighted assets | 527,798,000 | 528,448,000 | 528,176,000 | 512,419,000 |