Call reports 2011
SOUTH ATLANTIC BANK — 2011
What SOUTH ATLANTIC 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 | 219,155,000 | 246,745,000 | 235,902,000 | 229,705,000 |
| Total loans | 162,747,000 | 163,339,000 | 167,031,000 | 169,638,000 |
| Allowance for loan losses | 2,219,000 | 2,399,000 | 2,460,000 | 2,362,000 |
| Securities available for sale | 30,806,000 | 36,366,000 | 38,712,000 | 37,237,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 195,257,000 | 225,254,000 | 213,384,000 | 198,598,000 |
| Interest-bearing deposits | 178,576,000 | 197,378,000 | 189,086,000 | 181,966,000 |
| Noninterest-bearing deposits | 16,681,000 | 27,876,000 | 24,298,000 | 16,632,000 |
| Equity capital | 20,455,000 | 21,156,000 | 22,007,000 | 22,408,000 |
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 | 2,342,000 | 4,670,000 | 7,101,000 | 9,496,000 |
| Interest expense | 612,000 | 1,199,000 | 1,734,000 | 2,144,000 |
| Net interest income | 1,730,000 | 3,471,000 | 5,367,000 | 7,352,000 |
| Noninterest income | 113,000 | 253,000 | 448,000 | 672,000 |
| Noninterest expense | 1,396,000 | 2,849,000 | 4,368,000 | 5,949,000 |
| Provision for loan losses | 240,000 | 420,000 | 630,000 | 1,310,000 |
| Pretax income | 207,000 | 500,000 | 991,000 | 934,000 |
| Income tax | 51,000 | 147,000 | 12,000 | -463,000 |
| Net income | 156,000 | 353,000 | 979,000 | 1,397,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Tier 1 capital | 20,815,000 | 21,012,000 | 21,639,000 | 22,057,000 |
| Total capital | 23,034,000 | 23,256,000 | 23,949,000 | 24,419,000 |
| Risk-weighted assets | 178,030,000 | 179,330,000 | 184,645,000 | 192,702,000 |
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