Call reports 2013
SOUTHERN BANK COMPANY, THE — 2013
What SOUTHERN BANK COMPANY, THE reported to the FFIEC in 2013, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Total assets | 100,096,000 | 96,150,000 | 95,746,000 | 94,391,000 |
| Total loans | 26,631,000 | 26,087,000 | 28,480,000 | 29,985,000 |
| Allowance for loan losses | 315,000 | 365,000 | 365,000 | 365,000 |
| Securities available for sale | 62,358,000 | 62,344,000 | 60,787,000 | 57,950,000 |
| Securities held to maturity | 18,000 | 13,000 | 9,000 | 7,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 73,968,000 | 73,857,000 | 72,759,000 | 71,993,000 |
| Interest-bearing deposits | 71,513,000 | 70,349,000 | 69,817,000 | 69,248,000 |
| Noninterest-bearing deposits | 2,454,000 | 3,508,000 | 2,941,000 | 2,745,000 |
| Equity capital | 15,439,000 | 14,358,000 | 14,169,000 | 13,690,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Interest income | 724,000 | 1,439,000 | 2,186,000 | 2,957,000 |
| Interest expense | 221,000 | 431,000 | 636,000 | 826,000 |
| Net interest income | 503,000 | 1,008,000 | 1,550,000 | 2,131,000 |
| Noninterest income | 145,000 | 257,000 | 367,000 | 494,000 |
| Noninterest expense | 743,000 | 1,487,000 | 2,277,000 | 3,136,000 |
| Provision for loan losses | 6,000 | 56,000 | 56,000 | 56,000 |
| Pretax income | -48,000 | -225,000 | -363,000 | -514,000 |
| Income tax | -18,000 | -85,000 | -158,000 | -215,000 |
| Net income | -30,000 | -140,000 | -205,000 | -299,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Tier 1 capital | 14,252,000 | 14,142,000 | 14,007,000 | 13,913,000 |
| Total capital | 14,567,000 | 14,507,000 | 14,372,000 | 14,278,000 |
| Risk-weighted assets | 38,315,000 | 36,805,000 | 37,870,000 | 39,135,000 |