Call reports 2008
SOUTHERN BANK COMPANY, THE — 2008
What SOUTHERN BANK COMPANY, THE reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q3 | 2008Q4 |
|---|---|---|
| Total assets | 101,216,000 | 98,246,000 |
| Total loans | 36,879,000 | 35,928,000 |
| Allowance for loan losses | 194,000 | 192,000 |
| Securities available for sale | 57,529,000 | 55,866,000 |
| Securities held to maturity | 83,000 | 80,000 |
| Trading assets | 0 | 0 |
| Total deposits | 83,345,000 | 80,152,000 |
| Interest-bearing deposits | 82,256,000 | 78,810,000 |
| Noninterest-bearing deposits | 1,089,000 | 1,342,000 |
| Equity capital | 14,386,000 | 14,566,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q3 | 2008Q4 |
|---|---|---|
| Interest income | 3,844,000 | 5,047,000 |
| Interest expense | 2,292,000 | 2,922,000 |
| Net interest income | 1,552,000 | 2,125,000 |
| Noninterest income | 144,000 | 199,000 |
| Noninterest expense | 1,679,000 | 2,286,000 |
| Provision for loan losses | 13,000 | 23,000 |
| Pretax income | 70,000 | 81,000 |
| Income tax | 26,000 | 31,000 |
| Net income | 44,000 | 50,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q3 | 2008Q4 |
|---|---|---|
| Tier 1 capital | 14,492,000 | 14,500,000 |
| Total capital | 14,686,000 | 14,692,000 |
| Risk-weighted assets | 44,576,000 | 43,667,000 |