Call reports 2008
BANK OF THE SOUTH — 2008
What BANK OF THE SOUTH reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 57,200,000 | 63,951,000 | 61,693,000 | 59,660,000 |
| Total loans | 8,211,000 | 11,098,000 | 11,605,000 | 11,372,000 |
| Allowance for loan losses | 105,000 | 105,000 | 104,000 | 99,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 40,333,000 | 41,314,000 | 42,812,000 | 40,328,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 43,520,000 | 50,123,000 | 47,746,000 | 45,635,000 |
| Interest-bearing deposits | 30,321,000 | 37,265,000 | 35,333,000 | 33,126,000 |
| Noninterest-bearing deposits | 13,199,000 | 12,858,000 | 12,413,000 | 12,509,000 |
| Equity capital | 13,592,000 | 13,728,000 | 13,854,000 | 13,969,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 533,000 | 1,118,000 | 1,723,000 | 2,297,000 |
| Interest expense | 85,000 | 174,000 | 265,000 | 348,000 |
| Net interest income | 448,000 | 944,000 | 1,458,000 | 1,949,000 |
| Noninterest income | 74,000 | 164,000 | 247,000 | 327,000 |
| Noninterest expense | 606,000 | 979,000 | 1,372,000 | 1,761,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | -84,000 | 129,000 | 333,000 | 515,000 |
| Income tax | -34,000 | 43,000 | 121,000 | 188,000 |
| Net income | -50,000 | 86,000 | 212,000 | 327,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 13,592,000 | 13,728,000 | 13,854,000 | 13,969,000 |
| Total capital | 13,697,000 | 13,842,000 | 13,958,000 | 14,068,000 |
| Risk-weighted assets | 12,119,000 | 15,766,000 | 15,362,000 | 15,150,000 |