Call reports 2007
SOUTHERN FIRST BANK — 2007
What SOUTHERN FIRST BANK reported to the FFIEC in 2007, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Total assets | 554,908,000 | 573,465,000 | 614,069,000 | 627,762,000 |
| Total loans | 432,353,000 | 461,580,000 | 483,698,000 | 508,850,000 |
| Allowance for loan losses | 5,352,000 | 5,294,000 | 5,447,000 | 5,751,000 |
| Securities available for sale | 58,476,000 | 55,305,000 | 65,223,000 | 64,010,000 |
| Securities held to maturity | 16,658,000 | 16,098,000 | 15,199,000 | 14,819,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 387,609,000 | 388,577,000 | 417,612,000 | 414,656,000 |
| Interest-bearing deposits | 354,336,000 | 353,220,000 | 386,699,000 | 381,850,000 |
| Noninterest-bearing deposits | 33,273,000 | 35,357,000 | 30,914,000 | 32,806,000 |
| Equity capital | 45,181,000 | 47,475,000 | 49,131,000 | 58,332,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Interest income | 8,993,000 | 18,772,000 | 29,091,000 | 39,672,000 |
| Interest expense | 4,933,000 | 10,284,000 | 15,890,000 | 21,793,000 |
| Net interest income | 4,060,000 | 8,488,000 | 13,201,000 | 17,879,000 |
| Noninterest income | 186,000 | 356,000 | 563,000 | 792,000 |
| Noninterest expense | 2,502,000 | 5,317,000 | 8,101,000 | 10,853,000 |
| Provision for loan losses | 460,000 | 840,000 | 1,290,000 | 2,050,000 |
| Pretax income | 1,284,000 | 2,687,000 | 4,373,000 | 5,768,000 |
| Income tax | 452,000 | 799,000 | 1,278,000 | 1,876,000 |
| Net income | 832,000 | 1,888,000 | 3,095,000 | 3,892,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Tier 1 capital | 45,110,000 | 48,173,000 | 49,387,000 | 58,236,000 |
| Total capital | 50,463,000 | 53,468,000 | 54,834,000 | 63,987,000 |
| Risk-weighted assets | 433,911,000 | 465,562,000 | 484,332,000 | 514,316,000 |