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 | 207,171,000 | 225,816,000 | 244,244,000 | 252,084,000 |
| Total loans | 174,946,000 | 203,967,000 | 208,728,000 | 227,239,000 |
| Allowance for loan losses | 1,926,000 | 2,238,000 | 2,400,000 | 2,600,000 |
| Securities available for sale | 9,737,000 | 8,268,000 | 11,189,000 | 9,672,000 |
| Securities held to maturity | 2,367,000 | 2,366,000 | 2,365,000 | 3,874,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 177,059,000 | 194,217,000 | 212,343,000 | 215,425,000 |
| Interest-bearing deposits | 162,343,000 | 179,110,000 | 194,366,000 | 196,428,000 |
| Noninterest-bearing deposits | 14,716,000 | 15,107,000 | 17,977,000 | 18,997,000 |
| Equity capital | 14,722,000 | 15,207,000 | 15,700,000 | 16,353,000 |
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 | 2,816,000 | 6,052,000 | 9,338,000 | 12,885,000 |
| Interest expense | 1,031,000 | 2,133,000 | 3,264,000 | 4,410,000 |
| Net interest income | 1,785,000 | 3,919,000 | 6,074,000 | 8,475,000 |
| Noninterest income | 201,000 | 448,000 | 989,000 | 1,253,000 |
| Noninterest expense | 1,146,000 | 2,445,000 | 4,080,000 | 5,549,000 |
| Provision for loan losses | 208,000 | 518,000 | 732,000 | 949,000 |
| Pretax income | 632,000 | 1,404,000 | 2,251,000 | 3,230,000 |
| Income tax | 200,000 | 506,000 | 811,000 | 1,126,000 |
| Net income | 432,000 | 898,000 | 1,440,000 | 2,104,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 14,650,000 | 15,116,000 | 15,657,000 | 16,321,000 |
| Total capital | 16,576,000 | 17,354,000 | 18,057,000 | 18,921,000 |
| Risk-weighted assets | 173,033,000 | 199,812,000 | 205,887,000 | 222,692,000 |