Call reports 2004
SOUTHERN FIRST BANK — 2004
What SOUTHERN FIRST BANK reported to the FFIEC in 2004, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Total assets | 258,516,000 | 273,093,000 | 292,786,000 | 315,570,000 |
| Total loans | 229,409,000 | 247,582,000 | 267,832,000 | 280,347,000 |
| Allowance for loan losses | 3,042,000 | 3,176,000 | 3,572,000 | 3,717,000 |
| Securities available for sale | 3,390,000 | 3,079,000 | 2,950,000 | 12,160,000 |
| Securities held to maturity | 15,046,000 | 14,215,000 | 13,697,000 | 13,139,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 175,610,000 | 179,155,000 | 185,889,000 | 208,592,000 |
| Interest-bearing deposits | 157,255,000 | 163,352,000 | 169,718,000 | 189,560,000 |
| Noninterest-bearing deposits | 18,355,000 | 15,803,000 | 16,171,000 | 19,032,000 |
| Equity capital | 19,337,000 | 20,782,000 | 30,923,000 | 31,693,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Interest income | 2,993,000 | 6,206,000 | 9,871,000 | 14,091,000 |
| Interest expense | 964,000 | 2,094,000 | 3,435,000 | 4,984,000 |
| Net interest income | 2,029,000 | 4,112,000 | 6,436,000 | 9,107,000 |
| Noninterest income | 137,000 | 299,000 | 454,000 | 635,000 |
| Noninterest expense | 1,119,000 | 2,313,000 | 3,496,000 | 4,851,000 |
| Provision for loan losses | 350,000 | 650,000 | 1,025,000 | 1,310,000 |
| Pretax income | 697,000 | 1,448,000 | 2,369,000 | 3,581,000 |
| Income tax | 238,000 | 491,000 | 802,000 | 1,234,000 |
| Net income | 459,000 | 957,000 | 1,567,000 | 2,347,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Tier 1 capital | 19,255,000 | 20,753,000 | 30,863,000 | 31,643,000 |
| Total capital | 21,877,000 | 23,574,000 | 33,880,000 | 34,832,000 |
| Risk-weighted assets | 209,358,000 | 225,346,000 | 240,814,000 | 254,558,000 |