Call reports 2010
SOUTHERN COMMERCIAL BANK — 2010
What SOUTHERN COMMERCIAL BANK reported to the FFIEC in 2010, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Total assets | 516,900,000 | 517,249,000 | 514,814,000 | 514,154,000 |
| Total loans | 346,052,000 | 346,465,000 | 351,254,000 | 352,081,000 |
| Allowance for loan losses | 7,600,000 | 8,655,000 | 9,154,000 | 8,735,000 |
| Securities available for sale | 136,130,000 | 135,263,000 | 131,046,000 | 137,043,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 444,523,000 | 440,096,000 | 444,760,000 | 446,659,000 |
| Interest-bearing deposits | 384,192,000 | 380,713,000 | 383,847,000 | 381,777,000 |
| Noninterest-bearing deposits | 60,331,000 | 59,383,000 | 60,913,000 | 64,882,000 |
| Equity capital | 47,819,000 | 48,372,000 | 50,122,000 | 49,730,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Interest income | 6,425,000 | 12,793,000 | 19,076,000 | 25,451,000 |
| Interest expense | 1,634,000 | 3,121,000 | 4,562,000 | 5,910,000 |
| Net interest income | 4,791,000 | 9,672,000 | 14,514,000 | 19,541,000 |
| Noninterest income | 507,000 | 1,007,000 | 1,643,000 | 1,664,000 |
| Noninterest expense | 3,720,000 | 7,229,000 | 10,909,000 | 14,231,000 |
| Provision for loan losses | 600,000 | 2,050,000 | 2,650,000 | 3,550,000 |
| Pretax income | 1,072,000 | 1,664,000 | 3,110,000 | 3,904,000 |
| Income tax | 412,000 | 976,000 | 1,658,000 | 1,171,000 |
| Net income | 660,000 | 688,000 | 1,452,000 | 2,733,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Tier 1 capital | 47,159,000 | 47,122,000 | 47,765,000 | 48,802,000 |
| Total capital | 52,223,000 | 52,132,000 | 52,819,000 | 53,672,000 |
| Risk-weighted assets | 402,234,000 | 397,190,000 | 400,213,000 | 384,964,000 |