Call reports 2007
SOUTHERN COMMERCIAL BANK — 2007
What SOUTHERN COMMERCIAL BANK reported to the FFIEC in 2007, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Total assets | 440,598,000 | 448,148,000 | 452,014,000 | 469,624,000 |
| Total loans | 272,876,000 | 277,792,000 | 287,386,000 | 293,324,000 |
| Allowance for loan losses | 4,489,000 | 4,450,000 | 3,843,000 | 4,114,000 |
| Securities available for sale | 113,262,000 | 119,416,000 | 128,358,000 | 137,416,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 388,252,000 | 392,792,000 | 398,080,000 | 413,317,000 |
| Interest-bearing deposits | 326,321,000 | 331,022,000 | 336,526,000 | 349,799,000 |
| Noninterest-bearing deposits | 61,931,000 | 61,770,000 | 61,554,000 | 63,518,000 |
| Equity capital | 46,764,000 | 46,607,000 | 46,921,000 | 46,020,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Interest income | 6,587,000 | 13,490,000 | 20,364,000 | 27,535,000 |
| Interest expense | 2,642,000 | 5,519,000 | 8,628,000 | 11,915,000 |
| Net interest income | 3,945,000 | 7,971,000 | 11,736,000 | 15,620,000 |
| Noninterest income | 657,000 | 1,316,000 | 1,966,000 | 2,644,000 |
| Noninterest expense | 3,353,000 | 6,589,000 | 9,771,000 | 13,036,000 |
| Provision for loan losses | 0 | 0 | 1,600,000 | 1,900,000 |
| Pretax income | 1,249,000 | 2,698,000 | 2,341,000 | 3,338,000 |
| Income tax | 419,000 | 888,000 | 428,000 | 854,000 |
| Net income | 830,000 | 1,810,000 | 1,913,000 | 2,484,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Tier 1 capital | 46,785,000 | 47,513,000 | 47,346,000 | 46,206,000 |
| Total capital | 50,832,000 | 51,753,000 | 51,189,000 | 50,320,000 |
| Risk-weighted assets | 323,317,000 | 338,987,000 | 345,409,000 | 356,890,000 |