Call reports 2004
SOUTHERN COMMERCIAL BANK — 2004
What SOUTHERN COMMERCIAL BANK reported to the FFIEC in 2004, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Total assets | 471,664,000 | 455,330,000 | 443,687,000 | 432,146,000 |
| Total loans | 316,384,000 | 299,701,000 | 285,563,000 | 273,304,000 |
| Allowance for loan losses | 5,507,000 | 5,486,000 | 5,558,000 | 4,688,000 |
| Securities available for sale | 98,087,000 | 89,058,000 | 110,351,000 | 116,746,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 434,025,000 | 418,576,000 | 405,365,000 | 393,409,000 |
| Interest-bearing deposits | 367,254,000 | 355,540,000 | 344,637,000 | 326,602,000 |
| Noninterest-bearing deposits | 66,771,000 | 63,036,000 | 60,728,000 | 66,807,000 |
| Equity capital | 35,951,000 | 36,011,000 | 37,322,000 | 37,853,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Interest income | 5,654,000 | 11,110,000 | 16,467,000 | 21,853,000 |
| Interest expense | 1,315,000 | 2,503,000 | 3,636,000 | 4,705,000 |
| Net interest income | 4,339,000 | 8,607,000 | 12,831,000 | 17,148,000 |
| Noninterest income | 674,000 | 1,443,000 | 2,198,000 | 3,195,000 |
| Noninterest expense | 3,207,000 | 6,471,000 | 9,783,000 | 12,923,000 |
| Provision for loan losses | 100,000 | 225,000 | 525,000 | 925,000 |
| Pretax income | 1,863,000 | 3,511,000 | 4,879,000 | 6,649,000 |
| Income tax | 711,000 | 1,179,000 | 1,678,000 | 2,078,000 |
| Net income | 1,152,000 | 2,332,000 | 3,201,000 | 4,571,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Tier 1 capital | 35,074,000 | 35,977,000 | 36,876,000 | 37,542,000 |
| Total capital | 39,797,000 | 40,505,000 | 41,429,000 | 42,046,000 |
| Risk-weighted assets | 377,047,000 | 361,253,000 | 363,246,000 | 360,119,000 |