Call reports 2010
SOUTH ATLANTIC BANK — 2010
What SOUTH ATLANTIC BANK reported to the FFIEC in 2010, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Total assets | 182,960,000 | 194,253,000 | 195,044,000 | 204,876,000 |
| Total loans | 133,990,000 | 148,887,000 | 153,172,000 | 162,894,000 |
| Allowance for loan losses | 1,786,000 | 1,964,000 | 2,158,000 | 1,979,000 |
| Securities available for sale | 21,637,000 | 17,557,000 | 22,774,000 | 21,811,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 161,673,000 | 172,953,000 | 173,831,000 | 179,396,000 |
| Interest-bearing deposits | 150,930,000 | 156,588,000 | 159,509,000 | 161,953,000 |
| Noninterest-bearing deposits | 10,743,000 | 16,365,000 | 14,322,000 | 17,443,000 |
| Equity capital | 21,040,000 | 20,939,000 | 20,903,000 | 20,169,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Interest income | 1,785,000 | 3,739,000 | 5,819,000 | 7,954,000 |
| Interest expense | 689,000 | 1,431,000 | 2,163,000 | 2,791,000 |
| Net interest income | 1,096,000 | 2,308,000 | 3,656,000 | 5,163,000 |
| Noninterest income | 67,000 | 182,000 | 322,000 | 470,000 |
| Noninterest expense | 1,288,000 | 2,614,000 | 3,986,000 | 5,355,000 |
| Provision for loan losses | 186,000 | 364,000 | 581,000 | 1,031,000 |
| Pretax income | -311,000 | -464,000 | -549,000 | -683,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | -311,000 | -464,000 | -549,000 | -683,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Tier 1 capital | 21,032,000 | 20,879,000 | 20,794,000 | 20,660,000 |
| Total capital | 22,818,000 | 22,843,000 | 22,869,000 | 22,639,000 |
| Risk-weighted assets | 152,562,000 | 162,359,000 | 165,894,000 | 177,159,000 |
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