Call reports 2001
STERLINGSOUTH BANK & TRUST COMPANY — 2001
What STERLINGSOUTH BANK & TRUST COMPANY reported to the FFIEC in 2001, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2001Q1 | 2001Q2 | 2001Q3 | 2001Q4 |
|---|---|---|---|---|
| Total assets | 23,959,000 | 28,008,000 | 35,366,000 | 51,805,000 |
| Total loans | 9,216,000 | 15,453,000 | 22,098,000 | 28,804,000 |
| Allowance for loan losses | 243,000 | 342,000 | 441,000 | 535,000 |
| Securities available for sale | 6,479,000 | 9,489,000 | 7,419,000 | 17,420,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 15,011,000 | 17,285,000 | 26,653,000 | 40,413,000 |
| Interest-bearing deposits | 14,156,000 | 16,003,000 | 24,855,000 | 36,647,000 |
| Noninterest-bearing deposits | 855,000 | 1,282,000 | 1,798,000 | 3,766,000 |
| Equity capital | 8,899,000 | 8,738,000 | 8,643,000 | 8,166,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2001Q1 | 2001Q2 | 2001Q3 | 2001Q4 |
|---|---|---|---|---|
| Interest income | 379,000 | 812,000 | 1,303,000 | 1,907,000 |
| Interest expense | 161,000 | 352,000 | 563,000 | 865,000 |
| Net interest income | 218,000 | 460,000 | 740,000 | 1,042,000 |
| Noninterest income | 8,000 | 39,000 | 51,000 | 68,000 |
| Noninterest expense | 391,000 | 763,000 | 1,137,000 | 1,552,000 |
| Provision for loan losses | 99,000 | 198,000 | 297,000 | 391,000 |
| Pretax income | -251,000 | -449,000 | -630,000 | -820,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | -251,000 | -449,000 | -630,000 | -820,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2001Q1 | 2001Q2 | 2001Q3 | 2001Q4 |
|---|---|---|---|---|
| Tier 1 capital | 8,843,000 | 8,645,000 | 8,464,000 | 8,274,000 |
| Total capital | 9,017,000 | 8,916,000 | 8,812,000 | 8,732,000 |
| Risk-weighted assets | 13,818,000 | 21,595,000 | 27,747,000 | 36,590,000 |