Call reports 2011
SOUTHERN COMMERCIAL BANK — 2011
What SOUTHERN COMMERCIAL BANK reported to the FFIEC in 2011, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Total assets | 521,798,000 | 529,789,000 | 533,222,000 | 527,985,000 |
| Total loans | 351,499,000 | 343,502,000 | 326,825,000 | 326,654,000 |
| Allowance for loan losses | 8,868,000 | 11,730,000 | 8,633,000 | 9,821,000 |
| Securities available for sale | 131,174,000 | 148,761,000 | 163,613,000 | 170,538,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 450,792,000 | 458,111,000 | 459,562,000 | 457,552,000 |
| Interest-bearing deposits | 385,603,000 | 389,946,000 | 387,179,000 | 381,001,000 |
| Noninterest-bearing deposits | 65,189,000 | 68,165,000 | 72,383,000 | 76,551,000 |
| Equity capital | 49,888,000 | 49,259,000 | 49,969,000 | 49,789,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Interest income | 6,116,000 | 12,298,000 | 18,241,000 | 24,019,000 |
| Interest expense | 1,209,000 | 2,375,000 | 3,495,000 | 4,474,000 |
| Net interest income | 4,907,000 | 9,923,000 | 14,746,000 | 19,545,000 |
| Noninterest income | 216,000 | -624,000 | 51,000 | 215,000 |
| Noninterest expense | 3,561,000 | 7,037,000 | 10,134,000 | 13,401,000 |
| Provision for loan losses | 1,200,000 | 5,000,000 | 6,500,000 | 8,300,000 |
| Pretax income | 432,000 | -2,655,000 | -1,488,000 | -1,737,000 |
| Income tax | 89,000 | -1,140,000 | -787,000 | -969,000 |
| Net income | 343,000 | -1,515,000 | -701,000 | -768,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Tier 1 capital | 49,026,000 | 47,170,000 | 47,984,000 | 47,917,000 |
| Total capital | 53,827,000 | 51,997,000 | 52,675,000 | 52,641,000 |
| Risk-weighted assets | 379,979,000 | 379,297,000 | 371,346,000 | 372,861,000 |