Call reports 2014
SOUTHPOINT BANK — 2014
What SOUTHPOINT BANK reported to the FFIEC in 2014, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Total assets | 201,903,000 | 204,932,000 | 206,926,000 | 203,680,000 |
| Total loans | 154,410,000 | 160,516,000 | 165,174,000 | 160,937,000 |
| Allowance for loan losses | 2,676,000 | 2,749,000 | 2,811,000 | 2,799,000 |
| Securities available for sale | 31,747,000 | 32,823,000 | 29,067,000 | 29,990,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 172,616,000 | 171,102,000 | 175,492,000 | 162,535,000 |
| Interest-bearing deposits | 157,083,000 | 154,822,000 | 156,790,000 | 139,616,000 |
| Noninterest-bearing deposits | 15,533,000 | 16,280,000 | 18,702,000 | 22,919,000 |
| Equity capital | 16,603,000 | 17,723,000 | 18,682,000 | 19,976,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Interest income | 2,161,000 | 4,363,000 | 6,695,000 | 9,024,000 |
| Interest expense | 532,000 | 1,020,000 | 1,513,000 | 1,997,000 |
| Net interest income | 1,629,000 | 3,343,000 | 5,182,000 | 7,027,000 |
| Noninterest income | 604,000 | 1,612,000 | 2,819,000 | 3,769,000 |
| Noninterest expense | 1,828,000 | 3,886,000 | 6,095,000 | 8,443,000 |
| Provision for loan losses | 50,000 | 125,000 | 200,000 | 275,000 |
| Pretax income | 355,000 | 942,000 | 1,652,000 | 2,024,000 |
| Income tax | -175,000 | -345,000 | -503,000 | -1,149,000 |
| Net income | 530,000 | 1,287,000 | 2,155,000 | 3,173,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Tier 1 capital | 17,067,000 | 17,747,000 | 18,534,000 | 19,025,000 |
| Total capital | 19,083,000 | 19,809,000 | 20,657,000 | 21,117,000 |
| Risk-weighted assets | 160,583,000 | 164,242,000 | 169,203,000 | 166,655,000 |