Call reports 2011
SOUTHERN FIRST BANK — 2011
What SOUTHERN FIRST BANK reported to the FFIEC in 2011, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Total assets | 759,564,000 | 756,631,000 | 756,584,000 | 766,312,000 |
| Total loans | 579,554,000 | 577,981,000 | 591,055,000 | 598,634,000 |
| Allowance for loan losses | 8,387,000 | 8,719,000 | 8,751,000 | 8,925,000 |
| Securities available for sale | 60,114,000 | 84,990,000 | 81,012,000 | 100,661,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 562,637,000 | 557,894,000 | 556,213,000 | 565,306,000 |
| Interest-bearing deposits | 509,996,000 | 498,778,000 | 493,045,000 | 493,944,000 |
| Noninterest-bearing deposits | 52,641,000 | 59,117,000 | 63,167,000 | 71,362,000 |
| Equity capital | 71,248,000 | 72,458,000 | 73,571,000 | 74,193,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Interest income | 8,631,000 | 17,542,000 | 26,420,000 | 35,247,000 |
| Interest expense | 3,119,000 | 6,116,000 | 8,907,000 | 11,505,000 |
| Net interest income | 5,512,000 | 11,426,000 | 17,513,000 | 23,742,000 |
| Noninterest income | 39,000 | 108,000 | 773,000 | 1,728,000 |
| Noninterest expense | 3,908,000 | 8,147,000 | 12,415,000 | 16,651,000 |
| Provision for loan losses | 725,000 | 1,375,000 | 3,045,000 | 5,270,000 |
| Pretax income | 918,000 | 1,987,000 | 2,816,000 | 3,547,000 |
| Income tax | 280,000 | 619,000 | 863,000 | 1,045,000 |
| Net income | 638,000 | 1,368,000 | 1,953,000 | 2,502,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Tier 1 capital | 71,840,000 | 72,570,000 | 72,904,000 | 73,152,000 |
| Total capital | 79,432,000 | 80,076,000 | 80,529,000 | 80,885,000 |
| Risk-weighted assets | 606,634,000 | 599,285,000 | 608,816,000 | 617,458,000 |