Call reports 2007
SOUTHPOINT BANK — 2007
What SOUTHPOINT BANK reported to the FFIEC in 2007, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Total assets | 95,254,000 | 98,508,000 | 120,390,000 | 147,601,000 |
| Total loans | 78,589,000 | 84,828,000 | 104,975,000 | 131,872,000 |
| Allowance for loan losses | 982,000 | 1,061,000 | 1,307,000 | 1,640,000 |
| Securities available for sale | 6,337,000 | 6,126,000 | 6,164,000 | 6,160,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 68,577,000 | 71,900,000 | 93,290,000 | 110,114,000 |
| Interest-bearing deposits | 63,416,000 | 66,274,000 | 82,810,000 | 100,794,000 |
| Noninterest-bearing deposits | 5,161,000 | 5,626,000 | 10,480,000 | 9,320,000 |
| Equity capital | 18,599,000 | 18,552,000 | 18,568,000 | 18,449,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Interest income | 1,793,000 | 3,736,000 | 5,966,000 | 8,557,000 |
| Interest expense | 846,000 | 1,772,000 | 2,797,000 | 4,021,000 |
| Net interest income | 947,000 | 1,964,000 | 3,169,000 | 4,536,000 |
| Noninterest income | 12,000 | 26,000 | 45,000 | 79,000 |
| Noninterest expense | 804,000 | 1,706,000 | 2,798,000 | 4,081,000 |
| Provision for loan losses | 83,000 | 162,000 | 413,000 | 745,000 |
| Pretax income | 72,000 | 122,000 | 3,000 | -211,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 72,000 | 122,000 | 3,000 | -211,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Tier 1 capital | 18,563,000 | 18,634,000 | 18,534,000 | 18,344,000 |
| Total capital | 19,545,000 | 19,695,000 | 19,841,000 | 19,984,000 |
| Risk-weighted assets | 84,562,000 | 90,571,000 | 111,845,000 | 140,156,000 |