Call reports 2013
SOUTHERN BANK — 2013
What SOUTHERN BANK reported to the FFIEC in 2013, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Total assets | 83,461,000 | 83,667,000 | 81,223,000 | 82,803,000 |
| Total loans | 52,383,000 | 52,018,000 | 51,793,000 | 52,147,000 |
| Allowance for loan losses | 955,000 | 730,000 | 736,000 | 795,000 |
| Securities available for sale | 892,000 | 852,000 | 828,000 | 823,000 |
| Securities held to maturity | 14,902,000 | 15,605,000 | 15,545,000 | 15,445,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 75,349,000 | 75,183,000 | 72,677,000 | 74,436,000 |
| Interest-bearing deposits | 65,907,000 | 65,899,000 | 63,926,000 | 63,823,000 |
| Noninterest-bearing deposits | 9,442,000 | 9,284,000 | 8,751,000 | 10,613,000 |
| Equity capital | 7,945,000 | 8,244,000 | 8,233,000 | 8,161,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Interest income | 991,000 | 2,003,000 | 3,038,000 | 4,035,000 |
| Interest expense | 152,000 | 288,000 | 419,000 | 546,000 |
| Net interest income | 839,000 | 1,715,000 | 2,619,000 | 3,489,000 |
| Noninterest income | 43,000 | 288,000 | 226,000 | 236,000 |
| Noninterest expense | 756,000 | 1,510,000 | 2,301,000 | 3,112,000 |
| Provision for loan losses | 60,000 | 90,000 | 120,000 | 180,000 |
| Pretax income | 66,000 | 403,000 | 424,000 | 433,000 |
| Income tax | 10,000 | 25,000 | 40,000 | 118,000 |
| Net income | 56,000 | 378,000 | 384,000 | 315,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Tier 1 capital | 7,949,000 | 8,272,000 | 8,277,000 | 8,209,000 |
| Total capital | 8,650,000 | 9,002,000 | 8,977,000 | 8,907,000 |
| Risk-weighted assets | 55,895,000 | 59,231,000 | 55,967,000 | 55,779,000 |