Call reports 2011
FIRST CHEROKEE STATE BANK — 2011
What FIRST CHEROKEE STATE 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 | 250,261,000 | 243,996,000 | 244,259,000 | 221,972,000 |
| Total loans | 155,828,000 | 152,168,000 | 148,767,000 | 144,859,000 |
| Allowance for loan losses | 4,065,000 | 4,016,000 | 3,766,000 | 3,362,000 |
| Securities available for sale | 17,437,000 | 22,447,000 | 20,983,000 | 19,591,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 213,985,000 | 207,980,000 | 211,388,000 | 190,369,000 |
| Interest-bearing deposits | 179,315,000 | 168,590,000 | 172,083,000 | 161,810,000 |
| Noninterest-bearing deposits | 34,670,000 | 39,390,000 | 39,305,000 | 28,559,000 |
| Equity capital | 9,139,000 | 8,964,000 | 5,773,000 | 4,922,000 |
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 | 2,367,000 | 4,778,000 | 7,143,000 | 9,431,000 |
| Interest expense | 888,000 | 1,706,000 | 2,481,000 | 3,193,000 |
| Net interest income | 1,479,000 | 3,072,000 | 4,662,000 | 6,238,000 |
| Noninterest income | 314,000 | 878,000 | -946,000 | -399,000 |
| Noninterest expense | 2,985,000 | 5,884,000 | 9,062,000 | 12,376,000 |
| Provision for loan losses | 930,000 | 930,000 | 930,000 | 1,490,000 |
| Pretax income | -2,122,000 | -2,854,000 | -6,121,000 | -7,872,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | -2,122,000 | -2,854,000 | -6,121,000 | -7,872,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Tier 1 capital | 9,668,000 | 8,935,000 | 5,668,000 | 4,817,000 |
| Total capital | 11,918,000 | 11,147,000 | 7,806,000 | 6,892,000 |
| Risk-weighted assets | 178,161,000 | 175,156,000 | 169,432,000 | 164,698,000 |