Call reports 2014
SOUTH CENTRAL BANK, INC. — 2014
What SOUTH CENTRAL BANK, INC. reported to the FFIEC in 2014, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Total assets | 283,134,000 | 274,987,000 | 274,625,000 | 282,977,000 |
| Total loans | 176,642,000 | 169,953,000 | 170,969,000 | 169,672,000 |
| Allowance for loan losses | 3,262,000 | 3,279,000 | 2,975,000 | 2,960,000 |
| Securities available for sale | 57,915,000 | 66,042,000 | 67,717,000 | 68,070,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 245,177,000 | 236,273,000 | 235,453,000 | 243,127,000 |
| Interest-bearing deposits | 172,870,000 | 167,586,000 | 166,858,000 | 169,591,000 |
| Noninterest-bearing deposits | 72,307,000 | 68,687,000 | 68,595,000 | 73,536,000 |
| Equity capital | 31,764,000 | 32,619,000 | 33,108,000 | 33,902,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Interest income | 2,698,000 | 5,393,000 | 8,046,000 | 10,753,000 |
| Interest expense | 219,000 | 427,000 | 631,000 | 826,000 |
| Net interest income | 2,479,000 | 4,966,000 | 7,415,000 | 9,927,000 |
| Noninterest income | 751,000 | 1,579,000 | 2,455,000 | 3,300,000 |
| Noninterest expense | 2,574,000 | 5,132,000 | 7,682,000 | 10,225,000 |
| Provision for loan losses | 79,000 | 166,000 | 166,000 | 166,000 |
| Pretax income | 577,000 | 1,247,000 | 2,022,000 | 2,836,000 |
| Income tax | 183,000 | 397,000 | 640,000 | 906,000 |
| Net income | 394,000 | 850,000 | 1,382,000 | 1,930,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Tier 1 capital | 32,702,000 | 33,099,000 | 33,448,000 | 33,720,000 |
| Total capital | 35,133,000 | 35,476,000 | 35,836,000 | 36,125,000 |
| Risk-weighted assets | 193,627,000 | 189,295,000 | 190,493,000 | 191,872,000 |