Call reports 2013
SOUTHERN COMMERCIAL BANK — 2013
What SOUTHERN COMMERCIAL BANK reported to the FFIEC in 2013, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Total assets | 522,048,000 | 510,430,000 | 508,029,000 | 506,451,000 |
| Total loans | 286,307,000 | 282,325,000 | 277,678,000 | 273,460,000 |
| Allowance for loan losses | 11,012,000 | 10,871,000 | 10,525,000 | 10,064,000 |
| Securities available for sale | 170,353,000 | 174,187,000 | 170,256,000 | 168,474,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 448,711,000 | 445,695,000 | 443,186,000 | 443,342,000 |
| Interest-bearing deposits | 371,657,000 | 366,307,000 | 365,575,000 | 361,420,000 |
| Noninterest-bearing deposits | 77,054,000 | 79,388,000 | 77,611,000 | 81,922,000 |
| Equity capital | 55,814,000 | 53,915,000 | 53,501,000 | 53,910,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Interest income | 4,884,000 | 9,715,000 | 14,369,000 | 18,915,000 |
| Interest expense | 558,000 | 1,051,000 | 1,517,000 | 1,966,000 |
| Net interest income | 4,326,000 | 8,664,000 | 12,852,000 | 16,949,000 |
| Noninterest income | 662,000 | 1,190,000 | 1,418,000 | 2,783,000 |
| Noninterest expense | 3,405,000 | 7,043,000 | 10,374,000 | 14,573,000 |
| Provision for loan losses | 450,000 | 450,000 | 450,000 | 450,000 |
| Pretax income | 1,316,000 | 2,582,000 | 3,611,000 | 4,567,000 |
| Income tax | 348,000 | 675,000 | 905,000 | 1,091,000 |
| Net income | 968,000 | 1,907,000 | 2,706,000 | 3,476,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Tier 1 capital | 51,905,000 | 52,724,000 | 53,406,000 | 53,937,000 |
| Total capital | 56,071,000 | 56,887,000 | 57,483,000 | 57,919,000 |
| Risk-weighted assets | 326,406,000 | 326,351,000 | 319,724,000 | 312,514,000 |