Call reports 2008
SOUTHPOINT BANK — 2008
What SOUTHPOINT BANK 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 | 176,296,000 | 193,824,000 | 201,744,000 | 275,424,000 |
| Total loans | 156,079,000 | 171,670,000 | 180,597,000 | 197,095,000 |
| Allowance for loan losses | 1,944,000 | 2,116,000 | 1,937,000 | 2,167,000 |
| Securities available for sale | 9,900,000 | 10,669,000 | 11,647,000 | 37,244,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 136,430,000 | 153,725,000 | 135,390,000 | 210,073,000 |
| Interest-bearing deposits | 124,452,000 | 144,186,000 | 124,562,000 | 198,572,000 |
| Noninterest-bearing deposits | 11,978,000 | 9,539,000 | 10,827,000 | 11,501,000 |
| Equity capital | 18,425,000 | 18,579,000 | 18,831,000 | 21,250,000 |
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 | 2,726,000 | 5,433,000 | 8,327,000 | 11,447,000 |
| Interest expense | 1,235,000 | 2,415,000 | 3,659,000 | 4,845,000 |
| Net interest income | 1,491,000 | 3,018,000 | 4,668,000 | 6,602,000 |
| Noninterest income | 27,000 | 270,000 | 379,000 | 763,000 |
| Noninterest expense | 1,170,000 | 2,564,000 | 3,976,000 | 5,945,000 |
| Provision for loan losses | 304,000 | 477,000 | 644,000 | 974,000 |
| Pretax income | 44,000 | 247,000 | 427,000 | 446,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 44,000 | 247,000 | 427,000 | 446,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 18,405,000 | 18,631,000 | 18,833,000 | 20,714,000 |
| Total capital | 20,349,000 | 20,747,000 | 20,770,000 | 22,881,000 |
| Risk-weighted assets | 166,911,000 | 186,488,000 | 191,045,000 | 203,584,000 |