Call reports 2006
SOUTHERN FIRST BANK — 2006
What SOUTHERN FIRST BANK reported to the FFIEC in 2006, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Total assets | 415,394,000 | 452,818,000 | 492,712,000 | 507,336,000 |
| Total loans | 364,391,000 | 377,633,000 | 390,360,000 | 402,183,000 |
| Allowance for loan losses | 4,515,000 | 4,234,000 | 4,620,000 | 4,949,000 |
| Securities available for sale | 12,880,000 | 31,327,000 | 49,440,000 | 50,200,000 |
| Securities held to maturity | 18,823,000 | 18,203,000 | 17,518,000 | 17,044,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 279,844,000 | 298,007,000 | 342,385,000 | 351,355,000 |
| Interest-bearing deposits | 255,701,000 | 272,045,000 | 310,491,000 | 315,889,000 |
| Noninterest-bearing deposits | 24,143,000 | 25,962,000 | 31,894,000 | 35,466,000 |
| Equity capital | 40,399,000 | 41,236,000 | 42,799,000 | 44,257,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Interest income | 6,653,000 | 14,174,000 | 22,331,000 | 31,030,000 |
| Interest expense | 3,049,000 | 6,754,000 | 10,944,000 | 15,632,000 |
| Net interest income | 3,604,000 | 7,420,000 | 11,387,000 | 15,398,000 |
| Noninterest income | 129,000 | 255,000 | 427,000 | 637,000 |
| Noninterest expense | 1,832,000 | 3,657,000 | 5,635,000 | 7,675,000 |
| Provision for loan losses | 400,000 | 800,000 | 1,200,000 | 1,650,000 |
| Pretax income | 1,501,000 | 3,218,000 | 4,979,000 | 6,710,000 |
| Income tax | 484,000 | 1,041,000 | 1,574,000 | 2,027,000 |
| Net income | 1,017,000 | 2,177,000 | 3,405,000 | 4,683,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Tier 1 capital | 40,581,000 | 41,742,000 | 42,970,000 | 44,273,000 |
| Total capital | 44,849,000 | 45,977,000 | 47,591,000 | 49,223,000 |
| Risk-weighted assets | 341,196,000 | 358,067,000 | 384,725,000 | 399,625,000 |