Call reports 2008
FIRST SOUTH BANK — 2008
What FIRST SOUTH 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 | 913,530,000 | 907,955,000 | 885,316,000 | 873,303,000 |
| Total loans | 782,189,000 | 775,544,000 | 761,415,000 | 756,706,000 |
| Allowance for loan losses | 9,394,000 | 9,957,000 | 11,284,000 | 11,618,000 |
| Securities available for sale | 83,437,000 | 71,467,000 | 69,215,000 | 68,559,000 |
| Securities held to maturity | 1,191,000 | 4,518,000 | 4,338,000 | 832,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 757,862,000 | 753,282,000 | 728,782,000 | 720,521,000 |
| Interest-bearing deposits | 658,738,000 | 647,603,000 | 635,238,000 | 627,740,000 |
| Noninterest-bearing deposits | 99,124,000 | 105,679,000 | 93,544,000 | 92,781,000 |
| Equity capital | 85,973,000 | 85,809,000 | 85,696,000 | 86,638,000 |
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 | 16,568,000 | 31,972,000 | 46,522,000 | 60,066,000 |
| Interest expense | 6,586,000 | 12,487,000 | 17,751,000 | 22,659,000 |
| Net interest income | 9,982,000 | 19,485,000 | 28,771,000 | 37,407,000 |
| Noninterest income | 2,359,000 | 4,806,000 | 6,955,000 | 8,832,000 |
| Noninterest expense | 5,799,000 | 11,548,000 | 17,746,000 | 23,612,000 |
| Provision for loan losses | 0 | 1,149,000 | 2,894,000 | 4,044,000 |
| Pretax income | 6,542,000 | 11,664,000 | 15,184,000 | 18,681,000 |
| Income tax | 2,493,000 | 4,491,000 | 5,846,000 | 7,200,000 |
| Net income | 4,049,000 | 7,173,000 | 9,338,000 | 11,481,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 80,322,000 | 81,091,000 | 80,937,000 | 80,914,000 |
| Total capital | 89,684,000 | 90,533,000 | 90,228,000 | 90,054,000 |
| Risk-weighted assets | 748,522,000 | 754,445,000 | 740,898,000 | 728,346,000 |