Call reports 2008
SOUTH ATLANTIC BANK — 2008
What SOUTH ATLANTIC BANK reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 55,510,000 | 73,984,000 | 77,449,000 | 96,587,000 |
| Total loans | 27,631,000 | 50,024,000 | 66,084,000 | 73,615,000 |
| Allowance for loan losses | 346,000 | 625,000 | 825,000 | 923,000 |
| Securities available for sale | 5,909,000 | 5,575,000 | 6,598,000 | 9,517,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 34,902,000 | 54,204,000 | 58,045,000 | 77,876,000 |
| Interest-bearing deposits | 32,545,000 | 51,461,000 | 53,749,000 | 73,404,000 |
| Noninterest-bearing deposits | 2,357,000 | 2,743,000 | 4,296,000 | 4,472,000 |
| Equity capital | 19,557,000 | 18,668,000 | 18,181,000 | 17,611,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 495,000 | 1,230,000 | 2,179,000 | 3,227,000 |
| Interest expense | 164,000 | 577,000 | 1,074,000 | 1,691,000 |
| Net interest income | 331,000 | 653,000 | 1,105,000 | 1,536,000 |
| Noninterest income | 17,000 | 80,000 | 132,000 | 141,000 |
| Noninterest expense | 801,000 | 1,659,000 | 2,565,000 | 3,656,000 |
| Provision for loan losses | 266,000 | 546,000 | 746,000 | 844,000 |
| Pretax income | -719,000 | -1,472,000 | -2,074,000 | -2,823,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | -719,000 | -1,472,000 | -2,074,000 | -2,823,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 19,564,000 | 18,811,000 | 18,210,000 | 17,460,000 |
| Total capital | 19,903,000 | 19,436,000 | 19,035,000 | 18,383,000 |
| Risk-weighted assets | 28,367,000 | 55,879,000 | 71,055,000 | 80,627,000 |
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