Call reports 2011
SOUTHPOINT BANK — 2011
What SOUTHPOINT BANK reported to the FFIEC in 2011, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Total assets | 249,549,000 | 238,726,000 | 227,023,000 | 234,571,000 |
| Total loans | 174,072,000 | 173,551,000 | 172,627,000 | 167,328,000 |
| Allowance for loan losses | 3,604,000 | 3,750,000 | 3,604,000 | 4,563,000 |
| Securities available for sale | 43,366,000 | 42,085,000 | 40,950,000 | 38,945,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 219,693,000 | 210,828,000 | 196,749,000 | 206,815,000 |
| Interest-bearing deposits | 196,718,000 | 195,420,000 | 181,308,000 | 185,848,000 |
| Noninterest-bearing deposits | 22,976,000 | 15,408,000 | 15,440,000 | 20,968,000 |
| Equity capital | 16,438,000 | 14,225,000 | 14,921,000 | 14,565,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Interest income | 2,875,000 | 5,532,000 | 8,228,000 | 10,829,000 |
| Interest expense | 1,097,000 | 2,135,000 | 3,117,000 | 3,980,000 |
| Net interest income | 1,778,000 | 3,397,000 | 5,111,000 | 6,849,000 |
| Noninterest income | 111,000 | 394,000 | 1,112,000 | 1,523,000 |
| Noninterest expense | 1,857,000 | 5,294,000 | 7,605,000 | 9,103,000 |
| Provision for loan losses | 50,000 | 1,286,000 | 1,286,000 | 2,258,000 |
| Pretax income | 97,000 | -2,674,000 | -2,497,000 | -2,818,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 97,000 | -2,674,000 | -2,497,000 | -2,818,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Tier 1 capital | 16,730,000 | 13,979,000 | 14,176,000 | 13,876,000 |
| Total capital | 19,026,000 | 16,225,000 | 16,383,000 | 16,050,000 |
| Risk-weighted assets | 182,388,000 | 178,212,000 | 175,182,000 | 171,553,000 |