Call reports 2003
SOUTHERN COMMERCIAL BANK — 2003
What SOUTHERN COMMERCIAL BANK reported to the FFIEC in 2003, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Total assets | 494,405,000 | 491,388,000 | 488,310,000 | 473,167,000 |
| Total loans | 324,929,000 | 321,163,000 | 320,812,000 | 305,608,000 |
| Allowance for loan losses | 3,528,000 | 3,642,000 | 3,715,000 | 5,431,000 |
| Securities available for sale | 79,173,000 | 106,042,000 | 109,402,000 | 120,407,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 452,352,000 | 452,326,000 | 449,759,000 | 437,526,000 |
| Interest-bearing deposits | 396,626,000 | 394,501,000 | 391,611,000 | 377,866,000 |
| Noninterest-bearing deposits | 55,726,000 | 57,825,000 | 58,148,000 | 59,660,000 |
| Equity capital | 35,419,000 | 36,941,000 | 37,259,000 | 34,625,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Interest income | 6,489,000 | 12,692,000 | 18,768,000 | 24,109,000 |
| Interest expense | 2,178,000 | 4,000,000 | 5,622,000 | 7,073,000 |
| Net interest income | 4,311,000 | 8,692,000 | 13,146,000 | 17,036,000 |
| Noninterest income | 825,000 | 1,685,000 | 2,568,000 | 3,327,000 |
| Noninterest expense | 3,174,000 | 6,450,000 | 9,587,000 | 12,751,000 |
| Provision for loan losses | 450,000 | 750,000 | 2,050,000 | 7,406,000 |
| Pretax income | 1,550,000 | 3,271,000 | 4,392,000 | 663,000 |
| Income tax | 742,000 | 1,243,000 | 1,641,000 | 181,000 |
| Net income | 808,000 | 2,028,000 | 2,751,000 | 482,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 35,100,000 | 35,960,000 | 36,495,000 | 34,005,000 |
| Total capital | 38,628,000 | 39,602,000 | 40,210,000 | 38,704,000 |
| Risk-weighted assets | 381,208,000 | 395,547,000 | 388,813,000 | 375,329,000 |