Call reports 2002
BANK OF THE SOUTH — 2002
What BANK OF THE SOUTH reported to the FFIEC in 2002, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Total assets | 54,647,000 | 54,688,000 | 55,882,000 | 52,877,000 |
| Total loans | 6,756,000 | 6,377,000 | 5,923,000 | 5,941,000 |
| Allowance for loan losses | 70,000 | 71,000 | 74,000 | 77,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 38,560,000 | 40,558,000 | 42,448,000 | 42,030,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 44,698,000 | 44,585,000 | 45,615,000 | 42,418,000 |
| Interest-bearing deposits | 34,827,000 | 33,525,000 | 34,271,000 | 33,301,000 |
| Noninterest-bearing deposits | 9,871,000 | 11,060,000 | 11,344,000 | 9,117,000 |
| Equity capital | 9,831,000 | 10,049,000 | 10,211,000 | 10,440,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Interest income | 714,000 | 1,407,000 | 2,089,000 | 2,768,000 |
| Interest expense | 158,000 | 298,000 | 432,000 | 554,000 |
| Net interest income | 556,000 | 1,109,000 | 1,657,000 | 2,214,000 |
| Noninterest income | 95,000 | 200,000 | 294,000 | 386,000 |
| Noninterest expense | 453,000 | 760,000 | 1,112,000 | 1,439,000 |
| Provision for loan losses | 3,000 | 6,000 | 9,000 | 12,000 |
| Pretax income | 195,000 | 543,000 | 830,000 | 1,149,000 |
| Income tax | 74,000 | 204,000 | 329,000 | 419,000 |
| Net income | 121,000 | 339,000 | 501,000 | 730,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Tier 1 capital | 9,831,000 | 10,049,000 | 10,211,000 | 10,440,000 |
| Total capital | 9,901,000 | 10,120,000 | 10,285,000 | 10,517,000 |
| Risk-weighted assets | 9,562,000 | 10,258,000 | 9,709,000 | 9,175,000 |