Call reports 2008
SOUTHERN FIRST BANK — 2008
What SOUTHERN FIRST BANK reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 683,092,000 | 696,755,000 | 695,899,000 | 695,399,000 |
| Total loans | 536,821,000 | 546,537,000 | 561,274,000 | 566,607,000 |
| Allowance for loan losses | 6,224,000 | 6,463,000 | 6,492,000 | 7,006,000 |
| Securities available for sale | 78,022,000 | 73,830,000 | 68,702,000 | 64,430,000 |
| Securities held to maturity | 14,319,000 | 13,235,000 | 12,854,000 | 12,519,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 470,735,000 | 485,010,000 | 481,682,000 | 474,591,000 |
| Interest-bearing deposits | 438,231,000 | 449,229,000 | 442,807,000 | 438,015,000 |
| Noninterest-bearing deposits | 32,504,000 | 35,781,000 | 38,876,000 | 36,575,000 |
| Equity capital | 59,512,000 | 58,778,000 | 61,802,000 | 66,936,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 10,381,000 | 20,711,000 | 30,801,000 | 40,356,000 |
| Interest expense | 5,618,000 | 10,895,000 | 15,864,000 | 20,753,000 |
| Net interest income | 4,763,000 | 9,816,000 | 14,937,000 | 19,603,000 |
| Noninterest income | 272,000 | 623,000 | -844,000 | -576,000 |
| Noninterest expense | 2,969,000 | 6,141,000 | 9,156,000 | 12,218,000 |
| Provision for loan losses | 600,000 | 1,300,000 | 1,950,000 | 3,161,000 |
| Pretax income | 1,466,000 | 2,998,000 | 2,994,000 | 3,681,000 |
| Income tax | 490,000 | 986,000 | 930,000 | 1,035,000 |
| Net income | 976,000 | 2,012,000 | 2,064,000 | 2,646,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 59,006,000 | 60,133,000 | 64,299,000 | 67,997,000 |
| Total capital | 65,231,000 | 66,597,000 | 70,792,000 | 75,004,000 |
| Risk-weighted assets | 552,897,000 | 565,120,000 | 586,204,000 | 586,174,000 |