Call reports 2006
SOUTHERN COMMERCIAL BANK — 2006
What SOUTHERN COMMERCIAL BANK reported to the FFIEC in 2006, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Total assets | 404,671,000 | 406,904,000 | 405,826,000 | 421,791,000 |
| Total loans | 265,766,000 | 274,521,000 | 279,588,000 | 278,471,000 |
| Allowance for loan losses | 4,667,000 | 4,641,000 | 4,592,000 | 4,554,000 |
| Securities available for sale | 112,961,000 | 110,834,000 | 105,587,000 | 107,378,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 360,862,000 | 358,157,000 | 358,295,000 | 374,465,000 |
| Interest-bearing deposits | 297,795,000 | 294,147,000 | 292,794,000 | 305,838,000 |
| Noninterest-bearing deposits | 63,067,000 | 64,010,000 | 65,501,000 | 68,627,000 |
| Equity capital | 42,335,000 | 43,010,000 | 44,817,000 | 45,682,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Interest income | 5,820,000 | 11,906,000 | 18,247,000 | 24,826,000 |
| Interest expense | 1,531,000 | 3,356,000 | 5,522,000 | 7,968,000 |
| Net interest income | 4,289,000 | 8,550,000 | 12,725,000 | 16,858,000 |
| Noninterest income | 670,000 | 1,392,000 | 2,169,000 | 2,870,000 |
| Noninterest expense | 3,304,000 | 6,470,000 | 9,657,000 | 13,117,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 1,616,000 | 3,389,000 | 5,146,000 | 6,520,000 |
| Income tax | 575,000 | 1,220,000 | 1,817,000 | 2,284,000 |
| Net income | 1,041,000 | 2,169,000 | 3,329,000 | 4,236,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Tier 1 capital | 43,045,000 | 44,106,000 | 45,148,000 | 45,838,000 |
| Total capital | 46,941,000 | 48,119,000 | 49,175,000 | 49,889,000 |
| Risk-weighted assets | 310,933,000 | 320,389,000 | 320,830,000 | 323,571,000 |