Call reports 2008
SOUTH CENTRAL BANK, INC. — 2008
What SOUTH CENTRAL BANK, INC. reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 303,413,000 | 289,197,000 | 289,501,000 | 298,313,000 |
| Total loans | 237,162,000 | 232,736,000 | 241,077,000 | 243,863,000 |
| Allowance for loan losses | 2,769,000 | 2,716,000 | 2,786,000 | 3,043,000 |
| Securities available for sale | 24,496,000 | 23,552,000 | 23,066,000 | 21,563,000 |
| Securities held to maturity | 1,000 | 0 | 1,000 | 1,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 243,814,000 | 233,155,000 | 231,797,000 | 237,917,000 |
| Interest-bearing deposits | 213,726,000 | 202,574,000 | 201,243,000 | 202,373,000 |
| Noninterest-bearing deposits | 30,088,000 | 30,581,000 | 30,554,000 | 35,544,000 |
| Equity capital | 31,186,000 | 30,863,000 | 31,283,000 | 31,053,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 5,022,000 | 9,653,000 | 14,205,000 | 18,524,000 |
| Interest expense | 2,322,000 | 4,392,000 | 6,279,000 | 8,070,000 |
| Net interest income | 2,700,000 | 5,261,000 | 7,926,000 | 10,454,000 |
| Noninterest income | 978,000 | 1,831,000 | 2,888,000 | 3,018,000 |
| Noninterest expense | 2,275,000 | 4,588,000 | 6,872,000 | 9,171,000 |
| Provision for loan losses | 344,000 | 585,000 | 832,000 | 1,698,000 |
| Pretax income | 1,059,000 | 1,919,000 | 3,110,000 | 2,603,000 |
| Income tax | 365,000 | 659,000 | 1,067,000 | 892,000 |
| Net income | 694,000 | 1,260,000 | 2,043,000 | 1,711,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 30,634,000 | 30,858,000 | 31,191,000 | 30,538,000 |
| Total capital | 33,471,000 | 33,646,000 | 34,078,000 | 33,436,000 |
| Risk-weighted assets | 228,257,000 | 223,015,000 | 230,957,000 | 231,691,000 |