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 | 395,623,000 | 419,750,000 | 441,295,000 | 458,481,000 |
| Total loans | 346,490,000 | 358,343,000 | 360,552,000 | 374,692,000 |
| Allowance for loan losses | 3,820,000 | 4,000,000 | 4,100,000 | 4,400,000 |
| Securities available for sale | 19,680,000 | 24,148,000 | 50,653,000 | 43,825,000 |
| Securities held to maturity | 5,710,000 | 3,677,000 | 3,663,000 | 1,642,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 310,519,000 | 341,943,000 | 355,658,000 | 380,375,000 |
| Interest-bearing deposits | 295,664,000 | 324,694,000 | 341,759,000 | 363,400,000 |
| Noninterest-bearing deposits | 14,855,000 | 17,248,000 | 13,898,000 | 16,975,000 |
| Equity capital | 38,432,000 | 38,687,000 | 39,220,000 | 40,387,000 |
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 | 6,712,000 | 12,900,000 | 19,277,000 | 25,781,000 |
| Interest expense | 3,652,000 | 6,938,000 | 10,161,000 | 12,880,000 |
| Net interest income | 3,060,000 | 5,962,000 | 9,116,000 | 12,901,000 |
| Noninterest income | 268,000 | 602,000 | 791,000 | 1,040,000 |
| Noninterest expense | 2,382,000 | 4,629,000 | 7,014,000 | 9,591,000 |
| Provision for loan losses | 245,000 | 435,000 | 536,000 | 1,104,000 |
| Pretax income | 701,000 | 1,503,000 | 2,360,000 | 3,250,000 |
| Income tax | 222,000 | 473,000 | 741,000 | 1,030,000 |
| Net income | 479,000 | 1,030,000 | 1,619,000 | 2,220,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 38,031,000 | 38,583,000 | 39,172,000 | 39,773,000 |
| Total capital | 46,751,000 | 47,483,000 | 48,172,000 | 44,173,000 |
| Risk-weighted assets | 350,113,000 | 377,245,000 | 376,638,000 | 385,020,000 |