Call reports 2012
SOUTH ATLANTIC BANK — 2012
What SOUTH ATLANTIC BANK reported to the FFIEC in 2012, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2012Q1 | 2012Q2 | 2012Q3 | 2012Q4 |
|---|---|---|---|---|
| Total assets | 239,577,000 | 276,338,000 | 283,740,000 | 284,950,000 |
| Total loans | 170,306,000 | 170,789,000 | 182,226,000 | 189,979,000 |
| Allowance for loan losses | 2,276,000 | 2,101,000 | 2,222,000 | 2,306,000 |
| Securities available for sale | 31,021,000 | 52,104,000 | 58,591,000 | 59,159,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 216,621,000 | 252,421,000 | 259,083,000 | 259,833,000 |
| Interest-bearing deposits | 194,101,000 | 223,495,000 | 230,532,000 | 228,329,000 |
| Noninterest-bearing deposits | 22,520,000 | 28,926,000 | 28,551,000 | 31,504,000 |
| Equity capital | 22,698,000 | 23,475,000 | 24,040,000 | 24,829,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2012Q1 | 2012Q2 | 2012Q3 | 2012Q4 |
|---|---|---|---|---|
| Interest income | 2,457,000 | 4,857,000 | 7,666,000 | 10,325,000 |
| Interest expense | 404,000 | 829,000 | 1,240,000 | 1,620,000 |
| Net interest income | 2,053,000 | 4,028,000 | 6,426,000 | 8,705,000 |
| Noninterest income | 226,000 | 505,000 | 850,000 | 1,997,000 |
| Noninterest expense | 1,594,000 | 3,365,000 | 5,468,000 | 7,870,000 |
| Provision for loan losses | 230,000 | 410,000 | 670,000 | 1,330,000 |
| Pretax income | 516,000 | 967,000 | 1,521,000 | 1,886,000 |
| Income tax | 9,000 | -276,000 | -267,000 | -838,000 |
| Net income | 507,000 | 1,243,000 | 1,788,000 | 2,724,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2012Q1 | 2012Q2 | 2012Q3 | 2012Q4 |
|---|---|---|---|---|
| Tier 1 capital | 22,563,000 | 23,300,000 | 23,845,000 | 24,781,000 |
| Total capital | 24,839,000 | 25,401,000 | 26,067,000 | 27,087,000 |
| Risk-weighted assets | 191,104,000 | 194,855,000 | 208,577,000 | 216,005,000 |