Call reports 2014
SOUTHERN COMMERCIAL BANK — 2014
What SOUTHERN COMMERCIAL BANK reported to the FFIEC in 2014, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Total assets | 510,306,000 | 524,156,000 | 510,271,000 | 510,313,000 |
| Total loans | 274,367,000 | 276,609,000 | 273,100,000 | 272,870,000 |
| Allowance for loan losses | 9,232,000 | 7,784,000 | 7,605,000 | 7,610,000 |
| Securities available for sale | 173,553,000 | 181,567,000 | 175,268,000 | 170,835,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 445,682,000 | 454,856,000 | 441,523,000 | 439,484,000 |
| Interest-bearing deposits | 362,379,000 | 369,508,000 | 355,496,000 | 351,246,000 |
| Noninterest-bearing deposits | 83,303,000 | 85,348,000 | 86,027,000 | 88,238,000 |
| Equity capital | 56,211,000 | 58,602,000 | 60,194,000 | 61,391,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Interest income | 4,478,000 | 8,567,000 | 12,937,000 | 17,261,000 |
| Interest expense | 437,000 | 879,000 | 1,330,000 | 1,728,000 |
| Net interest income | 4,041,000 | 7,688,000 | 11,607,000 | 15,533,000 |
| Noninterest income | 566,000 | 1,142,000 | 1,709,000 | 2,272,000 |
| Noninterest expense | 3,370,000 | 6,381,000 | 9,528,000 | 12,724,000 |
| Provision for loan losses | 0 | 0 | 0 | 110,000 |
| Pretax income | 1,236,000 | 2,389,000 | 3,843,000 | 6,012,000 |
| Income tax | 266,000 | 516,000 | 868,000 | 1,508,000 |
| Net income | 970,000 | 1,873,000 | 2,975,000 | 4,504,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Tier 1 capital | 54,790,000 | 56,104,000 | 57,087,000 | 58,378,000 |
| Total capital | 58,784,000 | 60,091,000 | 61,024,000 | 62,308,000 |
| Risk-weighted assets | 314,300,000 | 315,175,000 | 311,319,000 | 310,751,000 |