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 | 351,220,000 | 367,322,000 | 378,185,000 | 378,700,000 |
| Total loans | 303,436,000 | 310,535,000 | 320,510,000 | 332,644,000 |
| Allowance for loan losses | 3,350,000 | 3,454,000 | 3,530,000 | 3,700,000 |
| Securities available for sale | 22,593,000 | 19,357,000 | 25,635,000 | 22,368,000 |
| Securities held to maturity | 9,827,000 | 9,796,000 | 9,756,000 | 5,745,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 298,061,000 | 308,374,000 | 317,340,000 | 296,947,000 |
| Interest-bearing deposits | 282,091,000 | 290,785,000 | 301,697,000 | 283,599,000 |
| Noninterest-bearing deposits | 15,970,000 | 17,589,000 | 15,643,000 | 13,348,000 |
| Equity capital | 35,137,000 | 35,761,000 | 36,930,000 | 37,744,000 |
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 | 7,222,000 | 14,539,000 | 21,983,000 | 29,262,000 |
| Interest expense | 3,646,000 | 7,467,000 | 11,460,000 | 14,921,000 |
| Net interest income | 3,576,000 | 7,072,000 | 10,523,000 | 14,341,000 |
| Noninterest income | 191,000 | 363,000 | 569,000 | 662,000 |
| Noninterest expense | 2,027,000 | 4,073,000 | 6,179,000 | 8,904,000 |
| Provision for loan losses | 440,000 | 901,000 | 958,000 | 1,126,000 |
| Pretax income | 1,300,000 | 2,461,000 | 3,955,000 | 4,985,000 |
| Income tax | 470,000 | 886,000 | 1,423,000 | 1,794,000 |
| Net income | 830,000 | 1,575,000 | 2,532,000 | 3,191,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Tier 1 capital | 35,191,000 | 35,935,000 | 36,893,000 | 37,552,000 |
| Total capital | 43,441,000 | 44,289,000 | 45,323,000 | 41,252,000 |
| Risk-weighted assets | 299,219,000 | 315,346,000 | 326,762,000 | 336,332,000 |