Call reports 2001
SOUTHERN FIRST BANK — 2001
What SOUTHERN FIRST BANK reported to the FFIEC in 2001, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2001Q1 | 2001Q2 | 2001Q3 | 2001Q4 |
|---|---|---|---|---|
| Total assets | 77,269,000 | 84,076,000 | 102,342,000 | 118,711,000 |
| Total loans | 53,441,000 | 65,557,000 | 79,000,000 | 96,532,000 |
| Allowance for loan losses | 647,000 | 755,000 | 889,000 | 1,057,000 |
| Securities available for sale | 13,343,000 | 13,525,000 | 19,570,000 | 17,914,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 68,186,000 | 74,958,000 | 82,997,000 | 93,986,000 |
| Interest-bearing deposits | 63,052,000 | 68,953,000 | 75,775,000 | 85,338,000 |
| Noninterest-bearing deposits | 5,134,000 | 6,005,000 | 7,222,000 | 8,648,000 |
| Equity capital | 8,211,000 | 8,138,000 | 8,232,000 | 9,075,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2001Q1 | 2001Q2 | 2001Q3 | 2001Q4 |
|---|---|---|---|---|
| Interest income | 1,424,000 | 2,955,000 | 4,598,000 | 6,384,000 |
| Interest expense | 818,000 | 1,666,000 | 2,530,000 | 3,403,000 |
| Net interest income | 606,000 | 1,289,000 | 2,068,000 | 2,981,000 |
| Noninterest income | 34,000 | 75,000 | 143,000 | 210,000 |
| Noninterest expense | 612,000 | 1,301,000 | 2,035,000 | 2,842,000 |
| Provision for loan losses | 122,000 | 230,000 | 364,000 | 539,000 |
| Pretax income | -94,000 | -167,000 | -188,000 | -190,000 |
| Income tax | 0 | 0 | -17,000 | -22,000 |
| Net income | -94,000 | -167,000 | -171,000 | -168,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2001Q1 | 2001Q2 | 2001Q3 | 2001Q4 |
|---|---|---|---|---|
| Tier 1 capital | 8,121,000 | 8,048,000 | 8,044,000 | 8,947,000 |
| Total capital | 8,768,000 | 8,898,000 | 9,044,000 | 10,139,000 |
| Risk-weighted assets | 60,776,000 | 71,719,000 | 84,961,000 | 100,890,000 |