Call reports 2002
STERLINGSOUTH BANK & TRUST COMPANY — 2002
What STERLINGSOUTH BANK & TRUST COMPANY reported to the FFIEC in 2002, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Total assets | 52,865,000 | 63,187,000 | 67,621,000 | 75,204,000 |
| Total loans | 31,348,000 | 36,937,000 | 42,962,000 | 53,790,000 |
| Allowance for loan losses | 627,000 | 718,000 | 810,000 | 810,000 |
| Securities available for sale | 16,358,000 | 17,772,000 | 18,836,000 | 16,234,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 40,481,000 | 50,594,000 | 55,259,000 | 62,885,000 |
| Interest-bearing deposits | 38,278,000 | 47,194,000 | 52,367,000 | 59,109,000 |
| Noninterest-bearing deposits | 2,203,000 | 3,400,000 | 2,892,000 | 3,776,000 |
| Equity capital | 7,954,000 | 8,158,000 | 8,163,000 | 8,140,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Interest income | 647,000 | 1,348,000 | 2,151,000 | 2,977,000 |
| Interest expense | 290,000 | 605,000 | 993,000 | 1,393,000 |
| Net interest income | 357,000 | 743,000 | 1,158,000 | 1,584,000 |
| Noninterest income | 12,000 | 41,000 | 77,000 | 135,000 |
| Noninterest expense | 414,000 | 870,000 | 1,387,000 | 1,977,000 |
| Provision for loan losses | 92,000 | 183,000 | 275,000 | 275,000 |
| Pretax income | -137,000 | -269,000 | -429,000 | -531,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | -137,000 | -269,000 | -429,000 | -531,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Tier 1 capital | 8,137,000 | 8,005,000 | 7,845,000 | 7,743,000 |
| Total capital | 8,624,000 | 8,590,000 | 8,523,000 | 8,526,000 |
| Risk-weighted assets | 38,855,000 | 46,685,000 | 54,142,000 | 62,649,000 |