Call reports 2002
FIRST SOUTH BANK — 2002
What FIRST SOUTH BANK reported to the FFIEC in 2002, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Total assets | 167,971,000 | 171,262,000 | 177,288,000 | 185,148,000 |
| Total loans | 134,461,000 | 138,611,000 | 145,854,000 | 158,861,000 |
| Allowance for loan losses | 1,485,000 | 1,550,000 | 1,620,000 | 1,750,000 |
| Securities available for sale | 10,131,000 | 14,328,000 | 12,317,000 | 14,255,000 |
| Securities held to maturity | 1,350,000 | 1,350,000 | 1,351,000 | 2,369,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 136,821,000 | 139,177,000 | 147,534,000 | 155,848,000 |
| Interest-bearing deposits | 125,950,000 | 123,241,000 | 134,008,000 | 141,251,000 |
| Noninterest-bearing deposits | 10,871,000 | 15,936,000 | 13,526,000 | 14,597,000 |
| Equity capital | 13,141,000 | 13,633,000 | 14,051,000 | 14,302,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Interest income | 2,350,000 | 4,963,000 | 7,583,000 | 10,208,000 |
| Interest expense | 1,126,000 | 2,206,000 | 3,278,000 | 4,353,000 |
| Net interest income | 1,224,000 | 2,757,000 | 4,305,000 | 5,855,000 |
| Noninterest income | 310,000 | 464,000 | 680,000 | 859,000 |
| Noninterest expense | 915,000 | 1,799,000 | 2,774,000 | 3,825,000 |
| Provision for loan losses | 110,000 | 291,000 | 443,000 | 675,000 |
| Pretax income | 509,000 | 1,131,000 | 1,768,000 | 2,214,000 |
| Income tax | 172,000 | 424,000 | 636,000 | 795,000 |
| Net income | 337,000 | 707,000 | 1,132,000 | 1,419,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Tier 1 capital | 13,136,000 | 13,506,000 | 13,931,000 | 14,218,000 |
| Total capital | 14,621,000 | 15,056,000 | 15,551,000 | 15,968,000 |
| Risk-weighted assets | 135,569,000 | 139,609,000 | 145,697,000 | 159,116,000 |