Call reports 2003
SOUTHERN FIRST BANK — 2003
What SOUTHERN FIRST BANK reported to the FFIEC in 2003, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Total assets | 180,203,000 | 191,753,000 | 214,738,000 | 231,454,000 |
| Total loans | 159,873,000 | 175,898,000 | 188,351,000 | 208,782,000 |
| Allowance for loan losses | 1,943,000 | 2,052,000 | 2,203,000 | 2,431,000 |
| Securities available for sale | 5,440,000 | 4,710,000 | 3,931,000 | 3,629,000 |
| Securities held to maturity | 0 | 0 | 10,025,000 | 9,834,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 138,586,000 | 149,044,000 | 157,210,000 | 170,664,000 |
| Interest-bearing deposits | 122,151,000 | 129,330,000 | 139,780,000 | 152,771,000 |
| Noninterest-bearing deposits | 16,435,000 | 19,714,000 | 17,430,000 | 17,893,000 |
| Equity capital | 13,234,000 | 16,171,000 | 16,466,000 | 16,893,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Interest income | 2,274,000 | 4,616,000 | 7,168,000 | 9,893,000 |
| Interest expense | 873,000 | 1,707,000 | 2,571,000 | 3,437,000 |
| Net interest income | 1,401,000 | 2,909,000 | 4,597,000 | 6,456,000 |
| Noninterest income | 104,000 | 134,000 | 192,000 | 250,000 |
| Noninterest expense | 930,000 | 1,956,000 | 2,949,000 | 3,962,000 |
| Provision for loan losses | 287,000 | 402,000 | 655,000 | 939,000 |
| Pretax income | 288,000 | 685,000 | 1,185,000 | 1,805,000 |
| Income tax | 102,000 | 243,000 | 407,000 | 617,000 |
| Net income | 186,000 | 442,000 | 778,000 | 1,188,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 13,094,000 | 16,050,000 | 16,386,000 | 16,796,000 |
| Total capital | 14,915,000 | 18,048,000 | 18,547,000 | 19,176,000 |
| Risk-weighted assets | 145,420,000 | 159,554,000 | 172,559,000 | 190,076,000 |