Call reports 2009
SOUTH ATLANTIC BANK — 2009
What SOUTH ATLANTIC BANK reported to the FFIEC in 2009, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Total assets | 127,821,000 | 145,304,000 | 154,871,000 | 164,003,000 |
| Total loans | 82,722,000 | 102,149,000 | 108,463,000 | 121,145,000 |
| Allowance for loan losses | 1,032,000 | 1,254,000 | 1,393,000 | 1,600,000 |
| Securities available for sale | 14,158,000 | 25,220,000 | 24,856,000 | 23,531,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 110,803,000 | 129,087,000 | 138,783,000 | 142,655,000 |
| Interest-bearing deposits | 106,155,000 | 114,700,000 | 122,631,000 | 134,110,000 |
| Noninterest-bearing deposits | 4,648,000 | 14,387,000 | 16,152,000 | 8,545,000 |
| Equity capital | 16,838,000 | 15,985,000 | 15,887,000 | 21,178,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Interest income | 1,068,000 | 2,345,000 | 3,932,000 | 5,587,000 |
| Interest expense | 693,000 | 1,511,000 | 2,202,000 | 2,830,000 |
| Net interest income | 375,000 | 834,000 | 1,730,000 | 2,757,000 |
| Noninterest income | 31,000 | 112,000 | 195,000 | 233,000 |
| Noninterest expense | 1,076,000 | 2,190,000 | 3,274,000 | 4,713,000 |
| Provision for loan losses | 111,000 | 331,000 | 470,000 | 677,000 |
| Pretax income | -781,000 | -1,562,000 | -1,806,000 | -2,110,000 |
| Income tax | 7,000 | 7,000 | 7,000 | 7,000 |
| Net income | -788,000 | -1,569,000 | -1,813,000 | -2,117,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Tier 1 capital | 16,672,000 | 15,891,000 | 15,648,000 | 21,343,000 |
| Total capital | 17,704,000 | 17,145,000 | 17,041,000 | 22,943,000 |
| Risk-weighted assets | 92,782,000 | 110,846,000 | 119,493,000 | 132,029,000 |
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