Call reports 2004
STERLINGSOUTH BANK & TRUST COMPANY — 2004
What STERLINGSOUTH BANK & TRUST COMPANY reported to the FFIEC in 2004, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Total assets | 100,307,000 | 106,043,000 | 112,427,000 | 123,000,000 |
| Total loans | 79,918,000 | 86,077,000 | 91,667,000 | 96,902,000 |
| Allowance for loan losses | 998,000 | 1,074,000 | 1,162,000 | 1,248,000 |
| Securities available for sale | 10,239,000 | 11,959,000 | 16,755,000 | 17,930,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 85,167,000 | 91,190,000 | 92,303,000 | 102,789,000 |
| Interest-bearing deposits | 78,259,000 | 85,567,000 | 84,514,000 | 92,565,000 |
| Noninterest-bearing deposits | 6,908,000 | 5,623,000 | 7,789,000 | 10,224,000 |
| Equity capital | 9,761,000 | 11,515,000 | 11,742,000 | 11,890,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Interest income | 993,000 | 2,071,000 | 3,309,000 | 4,759,000 |
| Interest expense | 370,000 | 751,000 | 1,149,000 | 1,622,000 |
| Net interest income | 623,000 | 1,320,000 | 2,160,000 | 3,137,000 |
| Noninterest income | 27,000 | 59,000 | 110,000 | 158,000 |
| Noninterest expense | 651,000 | 1,288,000 | 1,988,000 | 2,681,000 |
| Provision for loan losses | 15,000 | 95,000 | 183,000 | 289,000 |
| Pretax income | 19,000 | 31,000 | 134,000 | 360,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 19,000 | 31,000 | 134,000 | 360,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Tier 1 capital | 9,738,000 | 11,623,000 | 11,726,000 | 11,952,000 |
| Total capital | 10,736,000 | 12,697,000 | 12,888,000 | 13,200,000 |
| Risk-weighted assets | 80,910,000 | 87,949,000 | 94,217,000 | 106,057,000 |