Call reports 2008
PREMIER BANK OF THE SOUTH — 2008
What PREMIER BANK OF THE SOUTH 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 | 143,624,000 | 150,165,000 | 141,692,000 | 141,385,000 |
| Total loans | 90,198,000 | 92,638,000 | 96,533,000 | 99,529,000 |
| Allowance for loan losses | 911,000 | 957,000 | 981,000 | 1,013,000 |
| Securities available for sale | 27,063,000 | 35,584,000 | 29,788,000 | 25,138,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 115,204,000 | 119,071,000 | 118,901,000 | 118,981,000 |
| Interest-bearing deposits | 93,869,000 | 103,516,000 | 101,788,000 | 104,083,000 |
| Noninterest-bearing deposits | 21,335,000 | 15,555,000 | 17,113,000 | 14,898,000 |
| Equity capital | 13,174,000 | 12,719,000 | 12,743,000 | 13,275,000 |
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 | 2,255,000 | 4,491,000 | 6,763,000 | 9,009,000 |
| Interest expense | 934,000 | 1,828,000 | 2,661,000 | 3,491,000 |
| Net interest income | 1,321,000 | 2,663,000 | 4,102,000 | 5,518,000 |
| Noninterest income | 343,000 | 712,000 | 1,041,000 | 1,393,000 |
| Noninterest expense | 1,212,000 | 2,412,000 | 3,640,000 | 4,925,000 |
| Provision for loan losses | 75,000 | 150,000 | 320,000 | 532,000 |
| Pretax income | 377,000 | 813,000 | 1,183,000 | 1,454,000 |
| Income tax | 20,000 | 47,000 | 71,000 | 51,000 |
| Net income | 357,000 | 766,000 | 1,112,000 | 1,403,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 12,710,000 | 12,716,000 | 12,745,000 | 12,915,000 |
| Total capital | 13,621,000 | 13,673,000 | 13,726,000 | 13,928,000 |
| Risk-weighted assets | 105,961,000 | 108,898,000 | 109,458,000 | 111,816,000 |