Call reports 2007
FIRST SOUTH BANK — 2007
What FIRST SOUTH BANK reported to the FFIEC in 2007, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Total assets | 909,660,000 | 907,219,000 | 904,859,000 | 907,539,000 |
| Total loans | 748,768,000 | 754,610,000 | 770,443,000 | 774,741,000 |
| Allowance for loan losses | 9,120,000 | 9,172,000 | 9,267,000 | 9,486,000 |
| Securities available for sale | 89,775,000 | 85,142,000 | 85,275,000 | 86,892,000 |
| Securities held to maturity | 1,580,000 | 1,483,000 | 1,392,000 | 1,292,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 806,648,000 | 803,713,000 | 784,004,000 | 765,240,000 |
| Interest-bearing deposits | 694,027,000 | 694,174,000 | 671,982,000 | 668,835,000 |
| Noninterest-bearing deposits | 112,621,000 | 109,539,000 | 112,022,000 | 96,405,000 |
| Equity capital | 82,395,000 | 82,934,000 | 84,973,000 | 85,510,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Interest income | 17,495,000 | 35,167,000 | 52,968,000 | 70,769,000 |
| Interest expense | 7,012,000 | 14,087,000 | 21,170,000 | 28,272,000 |
| Net interest income | 10,483,000 | 21,080,000 | 31,798,000 | 42,497,000 |
| Noninterest income | 2,216,000 | 4,354,000 | 6,617,000 | 9,035,000 |
| Noninterest expense | 5,387,000 | 10,741,000 | 16,397,000 | 22,352,000 |
| Provision for loan losses | 0 | 100,000 | 200,000 | 350,000 |
| Pretax income | 7,312,000 | 14,593,000 | 21,818,000 | 28,830,000 |
| Income tax | 2,850,000 | 5,654,000 | 8,450,000 | 11,169,000 |
| Net income | 4,462,000 | 8,939,000 | 13,368,000 | 17,661,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Tier 1 capital | 78,376,000 | 79,564,000 | 80,891,000 | 80,640,000 |
| Total capital | 87,369,000 | 88,625,000 | 90,092,000 | 89,889,000 |
| Risk-weighted assets | 720,922,000 | 724,034,000 | 735,319,000 | 739,492,000 |