Call reports 2014
SOUTH ATLANTIC BANK — 2014
What SOUTH ATLANTIC BANK reported to the FFIEC in 2014, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Total assets | 330,602,000 | 353,357,000 | 337,996,000 | 362,240,000 |
| Total loans | 232,423,000 | 246,811,000 | 239,607,000 | 262,645,000 |
| Allowance for loan losses | 2,550,000 | 2,628,000 | 2,651,000 | 2,625,000 |
| Securities available for sale | 67,846,000 | 71,539,000 | 71,023,000 | 52,321,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 298,678,000 | 326,106,000 | 308,414,000 | 330,114,000 |
| Interest-bearing deposits | 249,046,000 | 264,020,000 | 250,548,000 | 261,741,000 |
| Noninterest-bearing deposits | 49,632,000 | 62,086,000 | 57,866,000 | 68,373,000 |
| Equity capital | 25,289,000 | 26,378,000 | 28,285,000 | 29,278,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Interest income | 3,142,000 | 6,434,000 | 9,743,000 | 13,012,000 |
| Interest expense | 314,000 | 635,000 | 910,000 | 1,175,000 |
| Net interest income | 2,828,000 | 5,799,000 | 8,833,000 | 11,837,000 |
| Noninterest income | 273,000 | 663,000 | 1,137,000 | 1,585,000 |
| Noninterest expense | 2,513,000 | 5,085,000 | 7,780,000 | 10,567,000 |
| Provision for loan losses | 150,000 | 325,000 | 400,000 | 475,000 |
| Pretax income | 434,000 | 1,044,000 | 1,784,000 | 2,459,000 |
| Income tax | 57,000 | 159,000 | 295,000 | 441,000 |
| Net income | 377,000 | 885,000 | 1,489,000 | 2,018,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Tier 1 capital | 27,068,000 | 27,575,000 | 28,889,000 | 29,418,000 |
| Total capital | 29,618,000 | 30,203,000 | 31,540,000 | 32,043,000 |
| Risk-weighted assets | 257,278,000 | 272,067,000 | 266,141,000 | 283,460,000 |