Call reports 2003
SOUTHERN BANK OF TENNESSEE — 2003
What SOUTHERN BANK OF TENNESSEE reported to the FFIEC in 2003, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Total assets | 62,929,000 | 65,196,000 | 68,585,000 | 68,105,000 |
| Total loans | 35,658,000 | 36,010,000 | 35,831,000 | 37,515,000 |
| Allowance for loan losses | 471,000 | 483,000 | 458,000 | 469,000 |
| Securities available for sale | 21,439,000 | 20,531,000 | 25,734,000 | 26,403,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 57,049,000 | 59,118,000 | 62,697,000 | 61,971,000 |
| Interest-bearing deposits | 53,786,000 | 55,560,000 | 57,433,000 | 58,006,000 |
| Noninterest-bearing deposits | 3,263,000 | 3,558,000 | 5,264,000 | 3,965,000 |
| Equity capital | 5,394,000 | 5,611,000 | 5,545,000 | 5,765,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Interest income | 839,000 | 1,651,000 | 2,486,000 | 3,387,000 |
| Interest expense | 265,000 | 526,000 | 722,000 | 917,000 |
| Net interest income | 574,000 | 1,125,000 | 1,764,000 | 2,470,000 |
| Noninterest income | 44,000 | 95,000 | 152,000 | 193,000 |
| Noninterest expense | 404,000 | 820,000 | 1,231,000 | 1,688,000 |
| Provision for loan losses | 30,000 | 60,000 | 90,000 | 152,000 |
| Pretax income | 191,000 | 355,000 | 610,000 | 838,000 |
| Income tax | 52,000 | 113,000 | 195,000 | 274,000 |
| Net income | 139,000 | 242,000 | 415,000 | 564,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 5,218,000 | 5,345,000 | 5,519,000 | 5,686,000 |
| Total capital | 5,689,000 | 5,828,000 | 5,977,000 | 6,155,000 |
| Risk-weighted assets | 40,282,000 | 42,231,000 | 41,895,000 | 44,600,000 |