Call reports 2003
BANK OF THE SOUTH — 2003
What BANK OF THE SOUTH reported to the FFIEC in 2003, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Total assets | 54,416,000 | 58,099,000 | 58,262,000 | 55,306,000 |
| Total loans | 6,082,000 | 6,636,000 | 7,165,000 | 7,893,000 |
| Allowance for loan losses | 79,000 | 82,000 | 87,000 | 85,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 41,484,000 | 41,521,000 | 42,485,000 | 43,026,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 43,821,000 | 47,343,000 | 47,320,000 | 44,184,000 |
| Interest-bearing deposits | 33,214,000 | 35,692,000 | 36,033,000 | 34,885,000 |
| Noninterest-bearing deposits | 10,607,000 | 11,651,000 | 11,287,000 | 9,299,000 |
| Equity capital | 10,525,000 | 10,725,000 | 10,914,000 | 11,112,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Interest income | 630,000 | 1,260,000 | 1,882,000 | 2,490,000 |
| Interest expense | 87,000 | 163,000 | 231,000 | 282,000 |
| Net interest income | 543,000 | 1,097,000 | 1,651,000 | 2,208,000 |
| Noninterest income | 85,000 | 187,000 | 280,000 | 375,000 |
| Noninterest expense | 491,000 | 817,000 | 1,164,000 | 1,500,000 |
| Provision for loan losses | 3,000 | 6,000 | 9,000 | 12,000 |
| Pretax income | 134,000 | 461,000 | 758,000 | 1,071,000 |
| Income tax | 49,000 | 176,000 | 284,000 | 399,000 |
| Net income | 85,000 | 285,000 | 474,000 | 672,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 10,525,000 | 10,725,000 | 10,914,000 | 11,112,000 |
| Total capital | 10,604,000 | 10,807,000 | 11,001,000 | 11,197,000 |
| Risk-weighted assets | 9,891,000 | 10,883,000 | 10,943,000 | 10,785,000 |