Call reports 2008
SOUTHERN BANK — 2008
What SOUTHERN 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 | 93,259,000 | 93,304,000 | 92,775,000 | 92,978,000 |
| Total loans | 70,290,000 | 71,235,000 | 72,182,000 | 69,949,000 |
| Allowance for loan losses | 714,000 | 761,000 | 837,000 | 965,000 |
| Securities available for sale | 3,113,000 | 4,254,000 | 4,214,000 | 4,651,000 |
| Securities held to maturity | 7,154,000 | 6,519,000 | 6,319,000 | 6,524,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 84,676,000 | 84,841,000 | 82,185,000 | 82,365,000 |
| Interest-bearing deposits | 77,599,000 | 77,066,000 | 74,864,000 | 75,822,000 |
| Noninterest-bearing deposits | 7,077,000 | 7,775,000 | 7,321,000 | 6,543,000 |
| Equity capital | 7,750,000 | 7,660,000 | 7,770,000 | 7,902,000 |
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 | 1,774,000 | 3,457,000 | 5,100,000 | 6,687,000 |
| Interest expense | 868,000 | 1,699,000 | 2,449,000 | 3,185,000 |
| Net interest income | 906,000 | 1,758,000 | 2,651,000 | 3,502,000 |
| Noninterest income | 162,000 | 311,000 | 490,000 | 448,000 |
| Noninterest expense | 683,000 | 1,386,000 | 2,163,000 | 2,816,000 |
| Provision for loan losses | 75,000 | 150,000 | 225,000 | 394,000 |
| Pretax income | 289,000 | 512,000 | 732,000 | 719,000 |
| Income tax | 96,000 | 207,000 | 318,000 | 211,000 |
| Net income | 193,000 | 305,000 | 414,000 | 508,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 7,741,000 | 7,722,000 | 7,792,000 | 7,886,000 |
| Total capital | 8,455,000 | 8,483,000 | 8,629,000 | 8,790,000 |
| Risk-weighted assets | 72,364,000 | 73,141,000 | 72,710,000 | 72,301,000 |