Call reports 2010
SOUTHERN BANK COMPANY, THE — 2010
What SOUTHERN BANK COMPANY, THE reported to the FFIEC in 2010, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Total assets | 90,104,000 | 87,981,000 | 87,610,000 | 97,911,000 |
| Total loans | 34,106,000 | 32,839,000 | 30,978,000 | 30,172,000 |
| Allowance for loan losses | 259,000 | 253,000 | 253,000 | 252,000 |
| Securities available for sale | 48,531,000 | 46,634,000 | 45,429,000 | 56,777,000 |
| Securities held to maturity | 63,000 | 60,000 | 56,000 | 41,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 72,749,000 | 70,162,000 | 69,882,000 | 72,014,000 |
| Interest-bearing deposits | 71,469,000 | 68,878,000 | 68,583,000 | 70,662,000 |
| Noninterest-bearing deposits | 1,280,000 | 1,284,000 | 1,299,000 | 1,352,000 |
| Equity capital | 15,376,000 | 15,664,000 | 15,591,000 | 15,334,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Interest income | 1,013,000 | 1,884,000 | 2,773,000 | 3,627,000 |
| Interest expense | 373,000 | 707,000 | 1,015,000 | 1,303,000 |
| Net interest income | 640,000 | 1,177,000 | 1,758,000 | 2,324,000 |
| Noninterest income | 40,000 | 70,000 | 97,000 | 129,000 |
| Noninterest expense | 569,000 | 1,125,000 | 1,708,000 | 2,357,000 |
| Provision for loan losses | 42,000 | 42,000 | 42,000 | 42,000 |
| Pretax income | 69,000 | 80,000 | 247,000 | 196,000 |
| Income tax | 26,000 | 30,000 | 93,000 | 68,000 |
| Net income | 43,000 | 50,000 | 154,000 | 128,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Tier 1 capital | 14,587,000 | 14,594,000 | 14,699,000 | 14,672,000 |
| Total capital | 14,846,000 | 14,847,000 | 14,952,000 | 14,924,000 |
| Risk-weighted assets | 40,715,000 | 38,976,000 | 37,637,000 | 37,576,000 |