Call reports 2011
SOUTHERN BANK — 2011
What SOUTHERN BANK reported to the FFIEC in 2011, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Total assets | 92,562,000 | 89,749,000 | 88,612,000 | 88,475,000 |
| Total loans | 58,863,000 | 56,387,000 | 55,871,000 | 55,148,000 |
| Allowance for loan losses | 1,195,000 | 1,229,000 | 1,277,000 | 1,214,000 |
| Securities available for sale | 811,000 | 688,000 | 1,019,000 | 1,018,000 |
| Securities held to maturity | 14,266,000 | 15,210,000 | 14,608,000 | 14,818,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 84,599,000 | 81,696,000 | 80,486,000 | 80,394,000 |
| Interest-bearing deposits | 76,704,000 | 73,731,000 | 71,031,000 | 70,537,000 |
| Noninterest-bearing deposits | 7,895,000 | 7,965,000 | 9,455,000 | 9,857,000 |
| Equity capital | 7,655,000 | 7,793,000 | 7,875,000 | 7,808,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Interest income | 1,182,000 | 2,357,000 | 3,527,000 | 4,679,000 |
| Interest expense | 333,000 | 643,000 | 930,000 | 1,188,000 |
| Net interest income | 849,000 | 1,714,000 | 2,597,000 | 3,491,000 |
| Noninterest income | 94,000 | 215,000 | 220,000 | 8,000 |
| Noninterest expense | 802,000 | 1,580,000 | 2,385,000 | 3,115,000 |
| Provision for loan losses | 90,000 | 180,000 | 240,000 | 240,000 |
| Pretax income | 51,000 | 174,000 | 235,000 | 193,000 |
| Income tax | 0 | 0 | 0 | 25,000 |
| Net income | 51,000 | 174,000 | 235,000 | 168,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Tier 1 capital | 7,676,000 | 7,798,000 | 7,858,000 | 7,792,000 |
| Total capital | 8,486,000 | 8,582,000 | 8,665,000 | 8,579,000 |
| Risk-weighted assets | 64,453,000 | 62,290,000 | 64,109,000 | 62,612,000 |