Call reports 2006
SOUTHPOINT BANK — 2006
What SOUTHPOINT BANK reported to the FFIEC in 2006, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Total assets | 33,898,000 | 53,573,000 | 70,976,000 | 83,374,000 |
| Total loans | 20,811,000 | 44,344,000 | 58,679,000 | 71,881,000 |
| Allowance for loan losses | 252,000 | 554,000 | 734,000 | 899,000 |
| Securities available for sale | 1,102,000 | 4,016,000 | 4,025,000 | 3,940,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 14,937,000 | 34,900,000 | 47,142,000 | 56,672,000 |
| Interest-bearing deposits | 10,987,000 | 30,646,000 | 43,733,000 | 51,144,000 |
| Noninterest-bearing deposits | 3,950,000 | 4,254,000 | 3,408,000 | 5,528,000 |
| Equity capital | 18,946,000 | 18,639,000 | 18,720,000 | 18,515,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Interest income | 409,000 | 1,100,000 | 2,260,000 | 3,906,000 |
| Interest expense | 79,000 | 261,000 | 727,000 | 1,353,000 |
| Net interest income | 330,000 | 839,000 | 1,533,000 | 2,553,000 |
| Noninterest income | 6,000 | 15,000 | 42,000 | 19,000 |
| Noninterest expense | 353,000 | 836,000 | 1,401,000 | 2,434,000 |
| Provision for loan losses | 201,000 | 503,000 | 682,000 | 847,000 |
| Pretax income | -218,000 | -485,000 | -508,000 | -709,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | -218,000 | -485,000 | -508,000 | -709,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Tier 1 capital | 18,967,000 | 18,700,000 | 18,677,000 | 18,475,000 |
| Total capital | 19,219,000 | 19,254,000 | 19,411,000 | 19,374,000 |
| Risk-weighted assets | 21,693,000 | 46,891,000 | 62,188,000 | 76,486,000 |