Call reports 2007
FIRST BANK OF THE SOUTH — 2007
What FIRST BANK OF THE SOUTH reported to the FFIEC in 2007, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2007Q1 | 2007Q2 |
|---|---|---|
| Total assets | 686,181,000 | 817,237,000 |
| Total loans | 528,366,000 | 544,444,000 |
| Allowance for loan losses | 7,078,000 | 7,092,000 |
| Securities available for sale | 45,674,000 | 2,881,000 |
| Securities held to maturity | 1,794,000 | 0 |
| Trading assets | 0 | 0 |
| Total deposits | 599,176,000 | 580,958,000 |
| Interest-bearing deposits | 560,114,000 | 478,938,000 |
| Noninterest-bearing deposits | 39,063,000 | 102,020,000 |
| Equity capital | 71,369,000 | 214,445,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2007Q1 | 2007Q2 |
|---|---|---|
| Interest income | 12,497,000 | 4,084,000 |
| Interest expense | 5,291,000 | 1,619,000 |
| Net interest income | 7,206,000 | 2,465,000 |
| Noninterest income | 463,000 | 81,000 |
| Noninterest expense | 2,373,000 | 968,000 |
| Provision for loan losses | 265,000 | 0 |
| Pretax income | 5,031,000 | 1,578,000 |
| Income tax | 1,878,000 | 561,000 |
| Net income | 3,153,000 | 1,017,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 |
|---|---|---|
| Tier 1 capital | 59,844,000 | 56,212,000 |
| Total capital | 66,922,000 | 63,304,000 |
| Risk-weighted assets | 592,313,000 | 606,689,000 |