Call reports 2002
SOUTHERN COMMERCIAL BANK — 2002
What SOUTHERN COMMERCIAL BANK reported to the FFIEC in 2002, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Total assets | 467,564,000 | 462,826,000 | 465,821,000 | 471,026,000 |
| Total loans | 361,586,000 | 348,907,000 | 349,645,000 | 339,254,000 |
| Allowance for loan losses | 3,086,000 | 3,201,000 | 3,385,000 | 3,229,000 |
| Securities available for sale | 53,125,000 | 50,875,000 | 38,250,000 | 43,273,000 |
| Securities held to maturity | 8,851,000 | 17,239,000 | 17,264,000 | 17,927,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 429,048,000 | 422,713,000 | 425,450,000 | 430,326,000 |
| Interest-bearing deposits | 376,981,000 | 369,092,000 | 372,669,000 | 377,679,000 |
| Noninterest-bearing deposits | 52,067,000 | 53,622,000 | 52,781,000 | 52,647,000 |
| Equity capital | 31,724,000 | 32,795,000 | 33,613,000 | 34,641,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Interest income | 7,354,000 | 14,642,000 | 21,913,000 | 28,781,000 |
| Interest expense | 3,424,000 | 6,446,000 | 9,175,000 | 11,592,000 |
| Net interest income | 3,930,000 | 8,196,000 | 12,738,000 | 17,189,000 |
| Noninterest income | 651,000 | 1,396,000 | 2,182,000 | 2,983,000 |
| Noninterest expense | 3,046,000 | 6,132,000 | 9,608,000 | 12,875,000 |
| Provision for loan losses | 225,000 | 450,000 | 675,000 | 1,100,000 |
| Pretax income | 1,310,000 | 3,010,000 | 4,823,000 | 6,383,000 |
| Income tax | 508,000 | 1,190,000 | 2,030,000 | 2,351,000 |
| Net income | 802,000 | 1,820,000 | 2,793,000 | 4,032,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Tier 1 capital | 31,759,000 | 32,551,000 | 33,463,000 | 34,364,000 |
| Total capital | 34,845,000 | 35,752,000 | 36,848,000 | 37,593,000 |
| Risk-weighted assets | 390,297,000 | 389,825,000 | 394,411,000 | 372,426,000 |