Call reports 2012
SOUTHERN COMMERCIAL BANK — 2012
What SOUTHERN COMMERCIAL BANK reported to the FFIEC in 2012, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2012Q1 | 2012Q2 | 2012Q3 | 2012Q4 |
|---|---|---|---|---|
| Total assets | 513,679,000 | 519,459,000 | 525,866,000 | 518,937,000 |
| Total loans | 316,660,000 | 313,915,000 | 309,027,000 | 300,400,000 |
| Allowance for loan losses | 9,717,000 | 10,421,000 | 10,967,000 | 10,763,000 |
| Securities available for sale | 157,076,000 | 157,753,000 | 168,028,000 | 169,610,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 446,182,000 | 448,318,000 | 447,879,000 | 445,289,000 |
| Interest-bearing deposits | 372,853,000 | 371,678,000 | 368,164,000 | 366,569,000 |
| Noninterest-bearing deposits | 73,329,000 | 76,640,000 | 79,715,000 | 78,720,000 |
| Equity capital | 51,545,000 | 53,107,000 | 54,420,000 | 55,261,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2012Q1 | 2012Q2 | 2012Q3 | 2012Q4 |
|---|---|---|---|---|
| Interest income | 5,713,000 | 11,334,000 | 16,735,000 | 21,998,000 |
| Interest expense | 765,000 | 1,442,000 | 2,063,000 | 2,645,000 |
| Net interest income | 4,948,000 | 9,892,000 | 14,672,000 | 19,353,000 |
| Noninterest income | 680,000 | 1,348,000 | 1,706,000 | 1,913,000 |
| Noninterest expense | 3,267,000 | 6,740,000 | 10,283,000 | 13,480,000 |
| Provision for loan losses | 900,000 | 1,800,000 | 2,700,000 | 2,700,000 |
| Pretax income | 1,691,000 | 2,987,000 | 3,773,000 | 5,351,000 |
| Income tax | 549,000 | 888,000 | 1,034,000 | 1,487,000 |
| Net income | 1,142,000 | 2,099,000 | 2,739,000 | 3,864,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2012Q1 | 2012Q2 | 2012Q3 | 2012Q4 |
|---|---|---|---|---|
| Tier 1 capital | 48,937,000 | 49,773,000 | 50,293,000 | 50,938,000 |
| Total capital | 53,557,000 | 54,301,000 | 54,733,000 | 55,288,000 |
| Risk-weighted assets | 364,539,000 | 356,327,000 | 348,703,000 | 341,570,000 |