Call reports 2008
PRIMESOUTH BANK — 2008
What PRIMESOUTH BANK 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 | 360,711,000 | 372,719,000 | 398,643,000 | 409,031,000 |
| Total loans | 296,885,000 | 312,593,000 | 331,710,000 | 339,376,000 |
| Allowance for loan losses | 5,700,000 | 6,368,000 | 6,978,000 | 5,519,000 |
| Securities available for sale | 37,235,000 | 34,164,000 | 32,729,000 | 34,028,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 320,576,000 | 332,596,000 | 348,307,000 | 359,079,000 |
| Interest-bearing deposits | 281,081,000 | 292,304,000 | 306,969,000 | 319,209,000 |
| Noninterest-bearing deposits | 39,495,000 | 40,292,000 | 41,338,000 | 39,870,000 |
| Equity capital | 30,624,000 | 30,439,000 | 30,639,000 | 30,573,000 |
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 | 6,419,000 | 12,297,000 | 18,231,000 | 23,864,000 |
| Interest expense | 3,147,000 | 5,929,000 | 8,749,000 | 11,677,000 |
| Net interest income | 3,272,000 | 6,368,000 | 9,482,000 | 12,187,000 |
| Noninterest income | 461,000 | 979,000 | 1,567,000 | 2,136,000 |
| Noninterest expense | 1,904,000 | 4,197,000 | 6,565,000 | 8,877,000 |
| Provision for loan losses | 660,000 | 1,350,000 | 2,040,000 | 3,730,000 |
| Pretax income | 1,172,000 | 1,842,000 | 2,495,000 | 1,781,000 |
| Income tax | 446,000 | 703,000 | 951,000 | 607,000 |
| Net income | 726,000 | 1,139,000 | 1,544,000 | 1,174,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 30,451,000 | 30,864,000 | 31,269,000 | 30,899,000 |
| Total capital | 34,162,000 | 34,771,000 | 35,342,000 | 35,082,000 |
| Risk-weighted assets | 294,886,000 | 310,117,000 | 322,963,000 | 333,295,000 |