Call reports 2004
BANK OF THE SOUTH — 2004
What BANK OF THE SOUTH reported to the FFIEC in 2004, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Total assets | 57,763,000 | 58,713,000 | 61,747,000 | 69,760,000 |
| Total loans | 7,809,000 | 8,221,000 | 9,010,000 | 9,373,000 |
| Allowance for loan losses | 88,000 | 90,000 | 93,000 | 97,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 41,432,000 | 42,800,000 | 43,252,000 | 48,125,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 46,518,000 | 47,301,000 | 50,146,000 | 57,867,000 |
| Interest-bearing deposits | 34,907,000 | 35,450,000 | 36,986,000 | 39,878,000 |
| Noninterest-bearing deposits | 11,611,000 | 11,851,000 | 13,160,000 | 17,989,000 |
| Equity capital | 11,189,000 | 11,386,000 | 11,562,000 | 11,773,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Interest income | 597,000 | 1,189,000 | 1,797,000 | 2,440,000 |
| Interest expense | 46,000 | 95,000 | 145,000 | 200,000 |
| Net interest income | 551,000 | 1,094,000 | 1,652,000 | 2,240,000 |
| Noninterest income | 89,000 | 202,000 | 301,000 | 379,000 |
| Noninterest expense | 516,000 | 851,000 | 1,227,000 | 1,556,000 |
| Provision for loan losses | 3,000 | 5,000 | 8,000 | 11,000 |
| Pretax income | 121,000 | 440,000 | 718,000 | 1,052,000 |
| Income tax | 44,000 | 166,000 | 268,000 | 391,000 |
| Net income | 77,000 | 274,000 | 450,000 | 661,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Tier 1 capital | 11,189,000 | 11,386,000 | 11,562,000 | 11,773,000 |
| Total capital | 11,277,000 | 11,476,000 | 11,655,000 | 11,870,000 |
| Risk-weighted assets | 11,554,000 | 11,574,000 | 12,830,000 | 13,529,000 |