Call reports 2009
SOUTHERN COMMERCIAL BANK — 2009
What SOUTHERN COMMERCIAL BANK reported to the FFIEC in 2009, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Total assets | 519,164,000 | 527,413,000 | 526,056,000 | 524,835,000 |
| Total loans | 334,459,000 | 338,448,000 | 343,330,000 | 338,065,000 |
| Allowance for loan losses | 5,057,000 | 5,186,000 | 5,922,000 | 7,338,000 |
| Securities available for sale | 119,903,000 | 148,967,000 | 154,753,000 | 154,539,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 466,095,000 | 465,163,000 | 452,593,000 | 457,896,000 |
| Interest-bearing deposits | 403,506,000 | 403,136,000 | 395,711,000 | 390,234,000 |
| Noninterest-bearing deposits | 62,589,000 | 62,027,000 | 56,882,000 | 67,662,000 |
| Equity capital | 39,958,000 | 44,076,000 | 46,947,000 | 46,173,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Interest income | 6,822,000 | 13,824,000 | 20,810,000 | 27,597,000 |
| Interest expense | 2,836,000 | 5,460,000 | 7,807,000 | 9,773,000 |
| Net interest income | 3,986,000 | 8,364,000 | 13,003,000 | 17,824,000 |
| Noninterest income | 627,000 | 1,297,000 | 1,986,000 | 2,706,000 |
| Noninterest expense | 3,528,000 | 7,205,000 | 10,748,000 | 14,505,000 |
| Provision for loan losses | 785,000 | 1,002,000 | 1,802,000 | 4,702,000 |
| Pretax income | 275,000 | 1,612,000 | 3,013,000 | 1,844,000 |
| Income tax | 347,000 | 504,000 | 1,316,000 | 354,000 |
| Net income | -72,000 | 1,108,000 | 1,697,000 | 1,490,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Tier 1 capital | 45,037,000 | 46,455,000 | 46,930,000 | 46,602,000 |
| Total capital | 50,094,000 | 51,641,000 | 52,112,000 | 51,631,000 |
| Risk-weighted assets | 408,259,000 | 421,517,000 | 413,778,000 | 399,649,000 |