Call reports 2013
SOUTHERN BANK OF TENNESSEE — 2013
What SOUTHERN BANK OF TENNESSEE 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 | 125,758,000 | 138,693,000 | 149,151,000 | 160,094,000 |
| Total loans | 55,092,000 | 74,930,000 | 93,038,000 | 104,113,000 |
| Allowance for loan losses | 660,000 | 860,000 | 929,000 | 1,037,000 |
| Securities available for sale | 27,106,000 | 37,970,000 | 40,111,000 | 38,989,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 100,768,000 | 115,042,000 | 126,076,000 | 129,201,000 |
| Interest-bearing deposits | 90,625,000 | 101,802,000 | 112,953,000 | 115,948,000 |
| Noninterest-bearing deposits | 10,143,000 | 13,240,000 | 13,123,000 | 13,253,000 |
| Equity capital | 23,130,000 | 21,694,000 | 21,000,000 | 20,875,000 |
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 | 783,000 | 1,872,000 | 3,220,000 | 4,674,000 |
| Interest expense | 162,000 | 348,000 | 554,000 | 781,000 |
| Net interest income | 621,000 | 1,524,000 | 2,666,000 | 3,893,000 |
| Noninterest income | 55,000 | 134,000 | 242,000 | 380,000 |
| Noninterest expense | 1,381,000 | 2,769,000 | 4,156,000 | 5,612,000 |
| Provision for loan losses | 0 | 164,000 | 233,000 | 323,000 |
| Pretax income | -701,000 | -1,271,000 | -1,477,000 | -1,658,000 |
| Income tax | -2,000 | -3,000 | -5,000 | 0 |
| Net income | -699,000 | -1,268,000 | -1,472,000 | -1,658,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Tier 1 capital | 20,876,000 | 20,414,000 | 20,243,000 | 20,065,000 |
| Total capital | 21,536,000 | 21,274,000 | 21,172,000 | 21,102,000 |
| Risk-weighted assets | 60,661,000 | 84,237,000 | 99,731,000 | 108,562,000 |