Call reports 2003
STERLINGSOUTH BANK & TRUST COMPANY — 2003
What STERLINGSOUTH BANK & TRUST COMPANY reported to the FFIEC in 2003, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Total assets | 85,321,000 | 88,573,000 | 86,395,000 | 94,275,000 |
| Total loans | 65,235,000 | 70,740,000 | 71,280,000 | 76,661,000 |
| Allowance for loan losses | 865,000 | 918,000 | 955,000 | 983,000 |
| Securities available for sale | 11,667,000 | 13,036,000 | 12,199,000 | 10,598,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 73,200,000 | 76,455,000 | 73,802,000 | 83,255,000 |
| Interest-bearing deposits | 69,527,000 | 69,721,000 | 68,708,000 | 77,087,000 |
| Noninterest-bearing deposits | 3,673,000 | 6,734,000 | 5,094,000 | 6,168,000 |
| Equity capital | 7,799,000 | 7,703,000 | 7,671,000 | 7,765,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Interest income | 870,000 | 1,783,000 | 2,711,000 | 3,670,000 |
| Interest expense | 420,000 | 843,000 | 1,227,000 | 1,573,000 |
| Net interest income | 450,000 | 940,000 | 1,484,000 | 2,097,000 |
| Noninterest income | 49,000 | 103,000 | 183,000 | 217,000 |
| Noninterest expense | 632,000 | 1,220,000 | 1,787,000 | 2,322,000 |
| Provision for loan losses | 55,000 | 108,000 | 145,000 | 173,000 |
| Pretax income | -20,000 | -117,000 | -88,000 | 1,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | -20,000 | -117,000 | -88,000 | 1,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 7,723,000 | 7,626,000 | 7,655,000 | 7,744,000 |
| Total capital | 8,577,000 | 8,523,000 | 8,553,000 | 8,712,000 |
| Risk-weighted assets | 68,333,000 | 71,759,000 | 71,747,000 | 77,417,000 |