Call reports 2010
SOUTHERN FIRST BANK — 2010
What SOUTHERN FIRST BANK reported to the FFIEC in 2010, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Total assets | 741,867,000 | 740,103,000 | 742,510,000 | 735,661,000 |
| Total loans | 583,882,000 | 580,707,000 | 579,849,000 | 572,392,000 |
| Allowance for loan losses | 7,937,000 | 8,352,000 | 8,411,000 | 8,386,000 |
| Securities available for sale | 84,017,000 | 85,201,000 | 82,702,000 | 63,688,000 |
| Securities held to maturity | 8,648,000 | 120,000 | 105,000 | 91,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 524,645,000 | 542,181,000 | 544,785,000 | 538,866,000 |
| Interest-bearing deposits | 486,514,000 | 493,584,000 | 494,454,000 | 490,066,000 |
| Noninterest-bearing deposits | 38,132,000 | 48,597,000 | 50,331,000 | 48,800,000 |
| Equity capital | 70,648,000 | 70,679,000 | 71,133,000 | 70,495,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Interest income | 8,889,000 | 17,855,000 | 26,869,000 | 35,629,000 |
| Interest expense | 3,953,000 | 7,875,000 | 11,528,000 | 14,877,000 |
| Net interest income | 4,936,000 | 9,980,000 | 15,341,000 | 20,752,000 |
| Noninterest income | 523,000 | 996,000 | 1,061,000 | 1,116,000 |
| Noninterest expense | 3,949,000 | 8,001,000 | 11,533,000 | 15,645,000 |
| Provision for loan losses | 1,400,000 | 3,700,000 | 4,975,000 | 5,610,000 |
| Pretax income | 126,000 | 379,000 | 998,000 | 1,769,000 |
| Income tax | -13,000 | 25,000 | 194,000 | 426,000 |
| Net income | 139,000 | 354,000 | 804,000 | 1,343,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Tier 1 capital | 69,996,000 | 70,211,000 | 70,662,000 | 71,201,000 |
| Total capital | 77,647,000 | 77,823,000 | 78,249,000 | 78,659,000 |
| Risk-weighted assets | 611,804,000 | 608,235,000 | 606,169,000 | 595,724,000 |