Call reports 2008
SOUTHERN COMMERCIAL BANK — 2008
What SOUTHERN COMMERCIAL BANK reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 486,764,000 | 486,658,000 | 491,311,000 | 509,515,000 |
| Total loans | 295,035,000 | 300,115,000 | 309,089,000 | 329,068,000 |
| Allowance for loan losses | 4,113,000 | 4,114,000 | 4,513,000 | 4,421,000 |
| Securities available for sale | 134,004,000 | 140,423,000 | 124,887,000 | 121,512,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 434,016,000 | 432,653,000 | 441,985,000 | 454,706,000 |
| Interest-bearing deposits | 370,762,000 | 370,446,000 | 378,722,000 | 392,895,000 |
| Noninterest-bearing deposits | 63,254,000 | 62,207,000 | 63,263,000 | 61,811,000 |
| Equity capital | 46,912,000 | 45,594,000 | 40,953,000 | 42,406,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 7,057,000 | 14,001,000 | 21,037,000 | 27,972,000 |
| Interest expense | 3,294,000 | 6,391,000 | 9,325,000 | 12,189,000 |
| Net interest income | 3,763,000 | 7,610,000 | 11,712,000 | 15,783,000 |
| Noninterest income | 617,000 | 1,266,000 | 1,934,000 | 2,536,000 |
| Noninterest expense | 3,309,000 | 6,630,000 | 9,900,000 | 13,251,000 |
| Provision for loan losses | 75,000 | 150,000 | 150,000 | 850,000 |
| Pretax income | 996,000 | 2,096,000 | -4,245,000 | -3,684,000 |
| Income tax | 328,000 | 656,000 | -1,847,000 | -1,817,000 |
| Net income | 668,000 | 1,440,000 | -2,398,000 | -1,867,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 46,281,000 | 47,145,000 | 45,021,000 | 45,242,000 |
| Total capital | 50,394,000 | 51,259,000 | 49,534,000 | 49,663,000 |
| Risk-weighted assets | 359,515,000 | 369,999,000 | 371,954,000 | 392,248,000 |