Call reports 2013
SOUTH ATLANTIC BANK — 2013
What SOUTH ATLANTIC BANK reported to the FFIEC in 2013, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Total assets | 295,576,000 | 326,151,000 | 311,842,000 | 318,007,000 |
| Total loans | 198,359,000 | 202,692,000 | 199,183,000 | 218,174,000 |
| Allowance for loan losses | 2,378,000 | 2,361,000 | 2,516,000 | 2,395,000 |
| Securities available for sale | 61,980,000 | 72,788,000 | 76,947,000 | 73,018,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 270,218,000 | 302,019,000 | 286,953,000 | 285,837,000 |
| Interest-bearing deposits | 235,918,000 | 255,916,000 | 244,071,000 | 247,122,000 |
| Noninterest-bearing deposits | 34,300,000 | 46,103,000 | 42,882,000 | 38,715,000 |
| Equity capital | 24,839,000 | 23,170,000 | 23,831,000 | 23,775,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Interest income | 2,682,000 | 5,501,000 | 8,321,000 | 11,291,000 |
| Interest expense | 331,000 | 682,000 | 1,002,000 | 1,312,000 |
| Net interest income | 2,351,000 | 4,819,000 | 7,319,000 | 9,979,000 |
| Noninterest income | 296,000 | 901,000 | 1,455,000 | 1,469,000 |
| Noninterest expense | 1,899,000 | 4,018,000 | 6,321,000 | 8,604,000 |
| Provision for loan losses | 165,000 | 380,000 | 530,000 | 730,000 |
| Pretax income | 612,000 | 1,420,000 | 1,976,000 | 2,125,000 |
| Income tax | 238,000 | 545,000 | 613,000 | 465,000 |
| Net income | 374,000 | 875,000 | 1,363,000 | 1,660,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Tier 1 capital | 25,155,000 | 25,537,000 | 26,394,000 | 26,691,000 |
| Total capital | 27,533,000 | 27,898,000 | 28,910,000 | 29,086,000 |
| Risk-weighted assets | 225,133,000 | 233,200,000 | 228,993,000 | 244,557,000 |