Call reports 2003
FIRST SOUTH BANK — 2003
What FIRST SOUTH BANK reported to the FFIEC in 2003, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Total assets | 633,991,000 | 663,237,000 | 654,825,000 | 676,333,000 |
| Total loans | 509,727,000 | 535,543,000 | 531,385,000 | 561,079,000 |
| Allowance for loan losses | 7,273,000 | 7,310,000 | 7,524,000 | 7,634,000 |
| Securities available for sale | 75,693,000 | 75,753,000 | 63,476,000 | 61,787,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 566,035,000 | 587,747,000 | 578,893,000 | 587,384,000 |
| Interest-bearing deposits | 510,007,000 | 527,211,000 | 510,295,000 | 511,689,000 |
| Noninterest-bearing deposits | 56,028,000 | 60,536,000 | 68,598,000 | 75,695,000 |
| Equity capital | 49,466,000 | 50,390,000 | 61,797,000 | 64,129,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Interest income | 9,365,000 | 18,849,000 | 28,278,000 | 37,680,000 |
| Interest expense | 2,742,000 | 5,426,000 | 7,847,000 | 10,079,000 |
| Net interest income | 6,623,000 | 13,423,000 | 20,431,000 | 27,601,000 |
| Noninterest income | 2,460,000 | 4,834,000 | 7,408,000 | 9,146,000 |
| Noninterest expense | 4,339,000 | 8,741,000 | 13,233,000 | 17,587,000 |
| Provision for loan losses | 334,000 | 456,000 | 851,000 | 988,000 |
| Pretax income | 4,579,000 | 9,229,000 | 14,047,000 | 18,464,000 |
| Income tax | 1,728,000 | 3,475,000 | 5,270,000 | 6,909,000 |
| Net income | 2,851,000 | 5,754,000 | 8,777,000 | 11,555,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 41,566,000 | 42,683,000 | 54,688,000 | 57,474,000 |
| Total capital | 47,486,000 | 48,772,000 | 60,899,000 | 64,057,000 |
| Risk-weighted assets | 472,218,000 | 485,875,000 | 495,578,000 | 525,581,000 |