Call reports 2009
SOUTHERN FIRST BANK — 2009
What SOUTHERN FIRST BANK reported to the FFIEC in 2009, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Total assets | 704,043,000 | 741,855,000 | 731,795,000 | 718,307,000 |
| Total loans | 566,394,000 | 569,423,000 | 569,687,000 | 574,269,000 |
| Allowance for loan losses | 7,429,000 | 7,739,000 | 7,916,000 | 7,760,000 |
| Securities available for sale | 75,766,000 | 82,952,000 | 80,775,000 | 76,194,000 |
| Securities held to maturity | 11,484,000 | 10,454,000 | 9,795,000 | 9,225,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 483,179,000 | 504,689,000 | 502,312,000 | 501,093,000 |
| Interest-bearing deposits | 449,721,000 | 464,876,000 | 464,650,000 | 463,747,000 |
| Noninterest-bearing deposits | 33,459,000 | 39,813,000 | 37,662,000 | 37,347,000 |
| Equity capital | 67,955,000 | 69,556,000 | 70,607,000 | 70,341,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Interest income | 8,925,000 | 18,033,000 | 27,177,000 | 36,288,000 |
| Interest expense | 4,286,000 | 8,295,000 | 12,406,000 | 16,371,000 |
| Net interest income | 4,639,000 | 9,738,000 | 14,771,000 | 19,917,000 |
| Noninterest income | 387,000 | 878,000 | 1,347,000 | 1,695,000 |
| Noninterest expense | 3,387,000 | 7,334,000 | 11,107,000 | 14,935,000 |
| Provision for loan losses | 750,000 | 1,725,000 | 2,810,000 | 4,310,000 |
| Pretax income | 889,000 | 1,557,000 | 2,235,000 | 2,408,000 |
| Income tax | 274,000 | 475,000 | 634,000 | 563,000 |
| Net income | 615,000 | 1,082,000 | 1,601,000 | 1,845,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Tier 1 capital | 68,603,000 | 69,069,000 | 69,617,000 | 69,857,000 |
| Total capital | 75,954,000 | 76,492,000 | 77,081,000 | 77,393,000 |
| Risk-weighted assets | 588,074,000 | 593,497,000 | 596,676,000 | 602,682,000 |