Call reports 2002
SOUTHERN BANK — 2002
What SOUTHERN BANK 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 | 55,297,000 | 55,516,000 | 59,210,000 | 60,429,000 |
| Total loans | 38,125,000 | 40,164,000 | 40,852,000 | 44,643,000 |
| Allowance for loan losses | 344,000 | 441,000 | 441,000 | 474,000 |
| Securities available for sale | 2,243,000 | 2,189,000 | 2,374,000 | 821,000 |
| Securities held to maturity | 870,000 | 2,525,000 | 2,574,000 | 4,118,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 50,830,000 | 50,740,000 | 54,330,000 | 55,626,000 |
| Interest-bearing deposits | 45,055,000 | 45,005,000 | 48,678,000 | 49,739,000 |
| Noninterest-bearing deposits | 5,775,000 | 5,735,000 | 5,652,000 | 5,887,000 |
| Equity capital | 4,039,000 | 4,231,000 | 4,324,000 | 4,356,000 |
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 | 1,079,000 | 2,189,000 | 3,313,000 | 4,437,000 |
| Interest expense | 443,000 | 859,000 | 1,278,000 | 1,680,000 |
| Net interest income | 636,000 | 1,330,000 | 2,035,000 | 2,757,000 |
| Noninterest income | 103,000 | 219,000 | 336,000 | 460,000 |
| Noninterest expense | 544,000 | 1,091,000 | 1,658,000 | 2,284,000 |
| Provision for loan losses | 70,000 | 145,000 | 220,000 | 295,000 |
| Pretax income | 125,000 | 317,000 | 502,000 | 659,000 |
| Income tax | 30,000 | 60,000 | 106,000 | 205,000 |
| Net income | 95,000 | 257,000 | 396,000 | 454,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Tier 1 capital | 4,053,000 | 4,215,000 | 4,283,000 | 4,341,000 |
| Total capital | 4,397,000 | 4,656,000 | 4,724,000 | 4,815,000 |
| Risk-weighted assets | 38,738,000 | 42,472,000 | 39,646,000 | 43,732,000 |