Call reports 2004
SOUTHERN BANK — 2004
What SOUTHERN BANK 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 | 67,710,000 | 67,362,000 | 68,020,000 | 66,578,000 |
| Total loans | 51,404,000 | 50,739,000 | 51,556,000 | 51,910,000 |
| Allowance for loan losses | 662,000 | 654,000 | 595,000 | 607,000 |
| Securities available for sale | 1,840,000 | 1,759,000 | 1,815,000 | 1,605,000 |
| Securities held to maturity | 4,555,000 | 3,679,000 | 4,080,000 | 4,180,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 62,408,000 | 61,939,000 | 62,359,000 | 60,860,000 |
| Interest-bearing deposits | 54,797,000 | 56,226,000 | 56,001,000 | 54,330,000 |
| Noninterest-bearing deposits | 7,611,000 | 5,713,000 | 6,358,000 | 6,530,000 |
| Equity capital | 4,941,000 | 5,080,000 | 5,282,000 | 5,369,000 |
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 | 1,102,000 | 2,187,000 | 3,332,000 | 4,491,000 |
| Interest expense | 293,000 | 596,000 | 901,000 | 1,206,000 |
| Net interest income | 809,000 | 1,591,000 | 2,431,000 | 3,285,000 |
| Noninterest income | 146,000 | 326,000 | 480,000 | 622,000 |
| Noninterest expense | 614,000 | 1,234,000 | 1,865,000 | 2,538,000 |
| Provision for loan losses | 75,000 | 315,000 | 365,000 | 440,000 |
| Pretax income | 275,000 | 540,000 | 853,000 | 1,115,000 |
| Income tax | 68,000 | 143,000 | 218,000 | 383,000 |
| Net income | 207,000 | 397,000 | 635,000 | 732,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Tier 1 capital | 4,923,000 | 5,110,000 | 5,277,000 | 5,378,000 |
| Total capital | 5,565,000 | 5,743,000 | 5,872,000 | 5,985,000 |
| Risk-weighted assets | 50,959,000 | 50,323,000 | 51,171,000 | 51,460,000 |