Call reports 2008
SOUTH CENTRAL STATE BANK — 2008
What SOUTH CENTRAL STATE 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 | 83,262,000 | 81,925,000 | 80,574,000 | 80,389,000 |
| Total loans | 55,156,000 | 57,929,000 | 61,554,000 | 61,520,000 |
| Allowance for loan losses | 487,000 | 509,000 | 449,000 | 468,000 |
| Securities available for sale | 11,255,000 | 9,485,000 | 9,185,000 | 8,583,000 |
| Securities held to maturity | 8,000 | 8,000 | 8,000 | 8,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 70,690,000 | 68,897,000 | 67,033,000 | 67,446,000 |
| Interest-bearing deposits | 60,393,000 | 58,813,000 | 57,449,000 | 56,178,000 |
| Noninterest-bearing deposits | 10,297,000 | 10,084,000 | 9,584,000 | 11,268,000 |
| Equity capital | 8,023,000 | 8,058,000 | 8,096,000 | 8,280,000 |
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 | 1,235,000 | 2,382,000 | 3,506,000 | 4,646,000 |
| Interest expense | 555,000 | 1,017,000 | 1,439,000 | 1,827,000 |
| Net interest income | 680,000 | 1,365,000 | 2,067,000 | 2,819,000 |
| Noninterest income | 97,000 | 189,000 | 283,000 | 433,000 |
| Noninterest expense | 514,000 | 1,037,000 | 1,546,000 | 2,014,000 |
| Provision for loan losses | 15,000 | 30,000 | 295,000 | 370,000 |
| Pretax income | 248,000 | 487,000 | 509,000 | 868,000 |
| Income tax | 96,000 | 188,000 | 205,000 | 308,000 |
| Net income | 152,000 | 299,000 | 304,000 | 560,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,758,000 | 6,945,000 | 6,990,000 | 6,985,000 |
| Total capital | 7,245,000 | 7,455,000 | 7,439,000 | 7,453,000 |
| Risk-weighted assets | 60,968,000 | 63,243,000 | 66,269,000 | 65,674,000 |