Call reports 2010
SANDHILLS STATE BANK — 2010
What SANDHILLS STATE 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 | 30,244,000 | 35,810,000 | 44,538,000 | 60,118,000 |
| Total loans | 17,655,000 | 20,755,000 | 24,673,000 | 36,387,000 |
| Allowance for loan losses | 499,000 | 505,000 | 505,000 | 504,000 |
| Securities available for sale | 501,000 | 500,000 | 0 | 0 |
| Securities held to maturity | 5,136,000 | 3,721,000 | 3,464,000 | 6,460,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 26,183,000 | 27,625,000 | 33,742,000 | 46,831,000 |
| Interest-bearing deposits | 22,029,000 | 24,062,000 | 30,021,000 | 41,897,000 |
| Noninterest-bearing deposits | 4,154,000 | 3,563,000 | 3,721,000 | 4,934,000 |
| Equity capital | 3,849,000 | 7,991,000 | 7,697,000 | 7,495,000 |
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 | 331,000 | 271,000 | 634,000 | 1,105,000 |
| Interest expense | 96,000 | 79,000 | 185,000 | 355,000 |
| Net interest income | 235,000 | 192,000 | 449,000 | 750,000 |
| Noninterest income | 16,000 | 8,000 | 20,000 | 29,000 |
| Noninterest expense | 225,000 | 282,000 | 686,000 | 1,157,000 |
| Provision for loan losses | -233,000 | 0 | 0 | 0 |
| Pretax income | 259,000 | -82,000 | -217,000 | -378,000 |
| Income tax | 76,000 | 10,000 | 11,000 | 109,000 |
| Net income | 183,000 | -92,000 | -228,000 | -487,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Tier 1 capital | 3,849,000 | 6,293,000 | 6,072,000 | 5,823,000 |
| Total capital | 4,109,000 | 6,617,000 | 6,459,000 | 6,327,000 |
| Risk-weighted assets | 20,554,000 | 25,736,000 | 30,865,000 | 43,763,000 |