Call reports 2008
SOUTHERN BANK OF TENNESSEE — 2008
What SOUTHERN BANK OF TENNESSEE reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 90,292,000 | 81,196,000 | 79,727,000 | 81,407,000 |
| Total loans | 64,323,000 | 62,511,000 | 62,233,000 | 59,780,000 |
| Allowance for loan losses | 642,000 | 699,000 | 735,000 | 950,000 |
| Securities available for sale | 18,615,000 | 13,048,000 | 11,766,000 | 11,494,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 77,256,000 | 68,698,000 | 65,378,000 | 70,373,000 |
| Interest-bearing deposits | 68,751,000 | 61,523,000 | 59,198,000 | 64,843,000 |
| Noninterest-bearing deposits | 8,505,000 | 7,175,000 | 6,180,000 | 5,530,000 |
| Equity capital | 8,305,000 | 8,287,000 | 8,094,000 | 7,890,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 1,446,000 | 2,771,000 | 3,996,000 | 5,055,000 |
| Interest expense | 687,000 | 1,235,000 | 1,725,000 | 2,228,000 |
| Net interest income | 759,000 | 1,536,000 | 2,271,000 | 2,827,000 |
| Noninterest income | 105,000 | 177,000 | 261,000 | 334,000 |
| Noninterest expense | 679,000 | 1,350,000 | 2,019,000 | 2,650,000 |
| Provision for loan losses | 120,000 | 365,000 | 465,000 | 747,000 |
| Pretax income | 95,000 | 200,000 | 250,000 | -34,000 |
| Income tax | 13,000 | 18,000 | 19,000 | -155,000 |
| Net income | 82,000 | 182,000 | 231,000 | 121,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 8,139,000 | 8,240,000 | 8,288,000 | 8,179,000 |
| Total capital | 8,781,000 | 8,939,000 | 8,999,000 | 8,963,000 |
| Risk-weighted assets | 71,669,000 | 67,637,000 | 64,754,000 | 63,745,000 |