Call reports 2008
SOUTHERN BANK & TRUST — 2008
What SOUTHERN BANK & TRUST 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 | 57,666,000 | 59,045,000 | 62,814,000 | 65,497,000 |
| Total loans | 42,085,000 | 44,872,000 | 48,516,000 | 50,302,000 |
| Allowance for loan losses | 586,000 | 588,000 | 654,000 | 738,000 |
| Securities available for sale | 13,965,000 | 12,651,000 | 11,588,000 | 13,167,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 45,472,000 | 47,725,000 | 51,134,000 | 52,674,000 |
| Interest-bearing deposits | 42,210,000 | 44,890,000 | 48,285,000 | 49,581,000 |
| Noninterest-bearing deposits | 3,262,000 | 2,835,000 | 2,849,000 | 3,093,000 |
| Equity capital | 8,589,000 | 8,355,000 | 8,393,000 | 8,419,000 |
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 | 1,046,000 | 2,072,000 | 3,079,000 | 4,060,000 |
| Interest expense | 492,000 | 918,000 | 1,353,000 | 1,816,000 |
| Net interest income | 554,000 | 1,154,000 | 1,726,000 | 2,244,000 |
| Noninterest income | 61,000 | 119,000 | 184,000 | 235,000 |
| Noninterest expense | 669,000 | 1,311,000 | 1,987,000 | 2,644,000 |
| Provision for loan losses | 15,000 | 20,000 | 93,000 | 180,000 |
| Pretax income | -54,000 | -56,000 | -155,000 | -322,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | -54,000 | -56,000 | -155,000 | -322,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 8,404,000 | 8,406,000 | 8,311,000 | 8,161,000 |
| Total capital | 8,875,000 | 8,915,000 | 8,891,000 | 8,757,000 |
| Risk-weighted assets | 37,544,000 | 40,644,000 | 46,199,000 | 47,545,000 |