Call reports 2008
SOUTHERN BANK AND TRUST COMPANY — 2008
What SOUTHERN BANK AND TRUST COMPANY 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 | 1,199,244,000 | 1,165,009,000 | 1,196,056,000 | 1,219,917,000 |
| Total loans | 695,091,000 | 715,087,000 | 723,974,000 | 726,018,000 |
| Allowance for loan losses | 12,345,000 | 12,614,000 | 12,516,000 | 10,828,000 |
| Securities available for sale | 206,644,000 | 198,680,000 | 175,205,000 | 135,019,000 |
| Securities held to maturity | 147,554,000 | 156,163,000 | 185,534,000 | 193,380,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,040,891,000 | 1,013,885,000 | 1,037,094,000 | 1,058,461,000 |
| Interest-bearing deposits | 846,691,000 | 819,018,000 | 834,440,000 | 852,961,000 |
| Noninterest-bearing deposits | 194,200,000 | 194,867,000 | 202,654,000 | 205,500,000 |
| Equity capital | 111,636,000 | 112,052,000 | 113,999,000 | 107,222,000 |
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 | 16,777,000 | 32,479,000 | 47,911,000 | 62,996,000 |
| Interest expense | 6,952,000 | 12,386,000 | 17,319,000 | 22,230,000 |
| Net interest income | 9,825,000 | 20,093,000 | 30,592,000 | 40,766,000 |
| Noninterest income | 2,888,000 | 5,815,000 | 8,706,000 | 11,540,000 |
| Noninterest expense | 9,205,000 | 18,388,000 | 27,818,000 | 38,934,000 |
| Provision for loan losses | 400,000 | 775,000 | 1,150,000 | 1,753,000 |
| Pretax income | 3,108,000 | 6,864,000 | 10,449,000 | 11,537,000 |
| Income tax | 960,000 | 2,290,000 | 3,220,000 | 3,405,000 |
| Net income | 2,148,000 | 4,574,000 | 7,229,000 | 8,132,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 94,862,000 | 96,819,000 | 97,495,000 | 96,413,000 |
| Total capital | 109,400,000 | 111,576,000 | 114,299,000 | 112,080,000 |
| Risk-weighted assets | 731,557,000 | 748,530,000 | 770,422,000 | 775,524,000 |