Call reports 2003
SOUTHERN BANK — 2003
What SOUTHERN BANK 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 | 61,450,000 | 62,848,000 | 61,752,000 | 62,415,000 |
| Total loans | 44,256,000 | 46,997,000 | 47,828,000 | 48,730,000 |
| Allowance for loan losses | 511,000 | 584,000 | 570,000 | 627,000 |
| Securities available for sale | 1,135,000 | 2,391,000 | 2,125,000 | 2,133,000 |
| Securities held to maturity | 3,946,000 | 2,896,000 | 3,191,000 | 3,179,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 56,583,000 | 57,783,000 | 56,568,000 | 57,172,000 |
| Interest-bearing deposits | 50,296,000 | 51,271,000 | 51,046,000 | 51,179,000 |
| Noninterest-bearing deposits | 6,287,000 | 6,512,000 | 5,522,000 | 5,993,000 |
| Equity capital | 4,423,000 | 4,626,000 | 4,726,000 | 4,787,000 |
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 | 1,095,000 | 2,230,000 | 3,350,000 | 4,443,000 |
| Interest expense | 370,000 | 721,000 | 1,036,000 | 1,321,000 |
| Net interest income | 725,000 | 1,509,000 | 2,314,000 | 3,122,000 |
| Noninterest income | 107,000 | 214,000 | 358,000 | 494,000 |
| Noninterest expense | 572,000 | 1,183,000 | 1,797,000 | 2,493,000 |
| Provision for loan losses | 75,000 | 150,000 | 225,000 | 275,000 |
| Pretax income | 190,000 | 438,000 | 698,000 | 896,000 |
| Income tax | 54,000 | 108,000 | 162,000 | 299,000 |
| Net income | 136,000 | 330,000 | 536,000 | 597,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 4,399,000 | 4,592,000 | 4,735,000 | 4,794,000 |
| Total capital | 4,910,000 | 5,171,000 | 5,305,000 | 5,380,000 |
| Risk-weighted assets | 45,734,000 | 46,028,000 | 47,493,000 | 46,860,000 |