Call reports 2005
SOUTHERN FIRST BANK — 2005
What SOUTHERN FIRST BANK reported to the FFIEC in 2005, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2005Q1 | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|---|
| Total assets | 341,680,000 | 356,933,000 | 375,113,000 | 402,927,000 |
| Total loans | 295,708,000 | 311,220,000 | 324,312,000 | 338,530,000 |
| Allowance for loan losses | 4,073,000 | 4,377,000 | 4,584,000 | 4,490,000 |
| Securities available for sale | 11,521,000 | 11,041,000 | 10,527,000 | 11,311,000 |
| Securities held to maturity | 22,631,000 | 21,862,000 | 20,425,000 | 19,345,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 222,476,000 | 232,558,000 | 241,064,000 | 267,054,000 |
| Interest-bearing deposits | 203,612,000 | 211,847,000 | 219,333,000 | 237,373,000 |
| Noninterest-bearing deposits | 18,864,000 | 20,711,000 | 21,731,000 | 29,681,000 |
| Equity capital | 32,325,000 | 33,274,000 | 34,277,000 | 39,414,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2005Q1 | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|---|
| Interest income | 4,614,000 | 9,882,000 | 15,580,000 | 21,800,000 |
| Interest expense | 1,815,000 | 4,026,000 | 6,492,000 | 9,183,000 |
| Net interest income | 2,799,000 | 5,856,000 | 9,088,000 | 12,617,000 |
| Noninterest income | 178,000 | 360,000 | 531,000 | 695,000 |
| Noninterest expense | 1,482,000 | 3,033,000 | 4,617,000 | 6,350,000 |
| Provision for loan losses | 345,000 | 610,000 | 835,000 | 1,000,000 |
| Pretax income | 1,150,000 | 2,573,000 | 4,167,000 | 5,962,000 |
| Income tax | 404,000 | 908,000 | 1,477,000 | 1,541,000 |
| Net income | 746,000 | 1,665,000 | 2,690,000 | 4,421,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2005Q1 | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|---|
| Tier 1 capital | 32,389,000 | 33,308,000 | 34,334,000 | 39,565,000 |
| Total capital | 35,775,000 | 36,879,000 | 38,083,000 | 43,552,000 |
| Risk-weighted assets | 270,206,000 | 284,879,000 | 299,065,000 | 318,477,000 |