Call reports 2014
SOUTHERN BANK — 2014
What SOUTHERN BANK reported to the FFIEC in 2014, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Total assets | 82,870,000 | 82,293,000 | 80,051,000 | 81,135,000 |
| Total loans | 52,214,000 | 52,352,000 | 53,225,000 | 52,712,000 |
| Allowance for loan losses | 827,000 | 825,000 | 826,000 | 826,000 |
| Securities available for sale | 848,000 | 863,000 | 877,000 | 644,000 |
| Securities held to maturity | 15,244,000 | 15,723,000 | 15,722,000 | 15,521,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 74,241,000 | 73,623,000 | 71,280,000 | 72,391,000 |
| Interest-bearing deposits | 64,801,000 | 64,202,000 | 62,021,000 | 61,592,000 |
| Noninterest-bearing deposits | 9,440,000 | 9,421,000 | 9,259,000 | 10,799,000 |
| Equity capital | 8,279,000 | 8,291,000 | 8,398,000 | 8,541,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Interest income | 1,001,000 | 2,018,000 | 3,047,000 | 4,068,000 |
| Interest expense | 124,000 | 240,000 | 359,000 | 471,000 |
| Net interest income | 877,000 | 1,778,000 | 2,688,000 | 3,597,000 |
| Noninterest income | 46,000 | -124,000 | -162,000 | -66,000 |
| Noninterest expense | 756,000 | 1,489,000 | 2,248,000 | 3,093,000 |
| Provision for loan losses | 60,000 | 60,000 | 60,000 | 60,000 |
| Pretax income | 107,000 | 103,000 | 216,000 | 376,000 |
| Income tax | 5,000 | 0 | 15,000 | 40,000 |
| Net income | 102,000 | 103,000 | 201,000 | 336,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Tier 1 capital | 8,311,000 | 8,312,000 | 8,410,000 | 8,544,000 |
| Total capital | 8,995,000 | 8,991,000 | 9,078,000 | 9,213,000 |
| Risk-weighted assets | 55,157,000 | 54,190,000 | 53,326,000 | 53,351,000 |