Call reports 2005
SOUTHERN COMMERCIAL BANK — 2005
What SOUTHERN COMMERCIAL BANK reported to the FFIEC in 2005, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2005Q1 | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|---|
| Total assets | 426,417,000 | 417,217,000 | 409,864,000 | 405,034,000 |
| Total loans | 261,262,000 | 264,076,000 | 264,917,000 | 256,445,000 |
| Allowance for loan losses | 4,642,000 | 4,766,000 | 4,753,000 | 4,681,000 |
| Securities available for sale | 122,244,000 | 109,064,000 | 118,323,000 | 119,424,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 387,047,000 | 375,961,000 | 368,173,000 | 363,057,000 |
| Interest-bearing deposits | 320,502,000 | 306,998,000 | 303,468,000 | 298,492,000 |
| Noninterest-bearing deposits | 66,545,000 | 68,963,000 | 64,705,000 | 64,565,000 |
| Equity capital | 38,050,000 | 39,471,000 | 40,407,000 | 41,046,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2005Q1 | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|---|
| Interest income | 5,300,000 | 10,791,000 | 16,546,000 | 22,456,000 |
| Interest expense | 1,052,000 | 2,162,000 | 3,392,000 | 4,865,000 |
| Net interest income | 4,248,000 | 8,629,000 | 13,154,000 | 17,591,000 |
| Noninterest income | 698,000 | 1,371,000 | 2,029,000 | 2,706,000 |
| Noninterest expense | 3,284,000 | 6,401,000 | 9,568,000 | 12,665,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 1,662,000 | 3,643,000 | 5,646,000 | 7,665,000 |
| Income tax | 601,000 | 1,329,000 | 2,039,000 | 2,736,000 |
| Net income | 1,061,000 | 2,314,000 | 3,607,000 | 4,929,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2005Q1 | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|---|
| Tier 1 capital | 38,452,000 | 39,470,000 | 40,646,000 | 41,741,000 |
| Total capital | 42,689,000 | 43,513,000 | 44,646,000 | 45,578,000 |
| Risk-weighted assets | 338,578,000 | 322,750,000 | 319,237,000 | 306,102,000 |