Call reports 2007
SOUTHERN BANK — 2007
What SOUTHERN BANK reported to the FFIEC in 2007, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Total assets | 87,385,000 | 87,588,000 | 91,393,000 | 91,542,000 |
| Total loans | 65,232,000 | 66,138,000 | 67,568,000 | 68,070,000 |
| Allowance for loan losses | 836,000 | 834,000 | 834,000 | 689,000 |
| Securities available for sale | 1,836,000 | 1,828,000 | 1,950,000 | 2,657,000 |
| Securities held to maturity | 8,808,000 | 9,444,000 | 9,697,000 | 8,453,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 79,427,000 | 79,585,000 | 83,099,000 | 83,062,000 |
| Interest-bearing deposits | 71,167,000 | 71,923,000 | 75,577,000 | 75,896,000 |
| Noninterest-bearing deposits | 8,260,000 | 7,662,000 | 7,522,000 | 7,166,000 |
| Equity capital | 7,028,000 | 7,270,000 | 7,386,000 | 7,553,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Interest income | 1,762,000 | 3,514,000 | 5,342,000 | 7,180,000 |
| Interest expense | 741,000 | 1,500,000 | 2,305,000 | 3,142,000 |
| Net interest income | 1,021,000 | 2,014,000 | 3,037,000 | 4,038,000 |
| Noninterest income | 203,000 | 374,000 | 506,000 | 626,000 |
| Noninterest expense | 678,000 | 1,384,000 | 2,081,000 | 2,819,000 |
| Provision for loan losses | 125,000 | 185,000 | 260,000 | 385,000 |
| Pretax income | 421,000 | 819,000 | 1,201,000 | 1,459,000 |
| Income tax | 132,000 | 277,000 | 423,000 | 519,000 |
| Net income | 289,000 | 542,000 | 778,000 | 940,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Tier 1 capital | 7,037,000 | 7,283,000 | 7,391,000 | 7,550,000 |
| Total capital | 7,832,000 | 8,105,000 | 8,225,000 | 8,239,000 |
| Risk-weighted assets | 63,437,000 | 65,731,000 | 69,129,000 | 69,857,000 |