Southern Community Financial Corp. (SCMF) Income Statement

Income Statement for Southern Community Financial Corp.  (SCMF) 
$ 1.34 R     -0.16 (-10.67%) Volume: 12.34 k 2:25 PM EST Feb 10, 2012
Statement: View:
Income [+] in Thousands of Dollars
12/2010 12/2009 12/2008 12/2007 12/2006
Loans 68,384 74,548 82,125 86,673 73,492
Investment Securities 12,189 14,912 14,562 12,027 11,919
Lease Financing Income - - - - -
Other Interest Income - - - - -
Federal Funds Sold/Purchased - - - - -
Interest Bearing Deposits - - - - -
Loans Held for Resale - - - - -
Trading Account Securities - - - - -
Time Deposits Placed - - - - -
Other Money Market Investments - - - - -
Total Money Market Investments 65 13 55 208 109
Total Interest Income 80,638 89,473 96,742 98,908 85,520
Deposits 18,499 26,418 34,648 38,523 33,419
Short-Term Debt 1,108 1,701 3,808 4,758 2,897
Long-Term Debt 8,672 9,607 10,826 11,860 8,482
Federal Funds Sold/Purchased - - - - -
Capitalized Lease Obligations - - - - -
Other Interest Expense - - - - -
Total Interest Income 80,638 89,473 96,742 98,908 85,520
Total Interest Expense (28,279) (37,726) (49,282) (55,141) (44,798)
Net Interest Income 52,359 51,747 47,460 43,767 40,722
Loan Loss Provision (39,000) (34,000) (8,165) (2,775) (2,510)
Net Interest Income After Loan Loss Provision 13,359 17,747 39,295 40,992 38,212
Trust Fees by Commissions - - 1,198 3,244 -
Service Charge on Deposit Accounts 6,533 6,246 5,859 4,931 4,318
Other Service Charges 1,474 1,159 1,294 1,343 2,777
Security Transactions 3,531 1,236 98 - (4,156)
Premiums Earned - - - - -
Net Realized Capital Gains - - - - -
Investment Banking Profit 2,182 2,104 - - -
Other Non-Interest Income 2,072 2,565 2,833 1,813 739
Non-Interest Income 15,792 13,310 11,282 11,331 3,678
Salaries and Employee Benefits 20,926 22,502 22,038 21,218 18,826
Net Occupancy Expense 7,428 7,903 7,679 7,928 6,835
Promotion and Advertising - - 1,164 1,245 1,085
Property/Liability Insurance Claims - - - - -
Policy Acquisition Costs - - - - -
Amortization of Deferred Policy Acquisition Costs - - - - -
Current and Future Benefits Expense - - - - -
Other Non-Interest Expense 19,414 119,594 11,208 10,509 9,056
Income, Acquired in Process R&D - - - - -
Income, Restructuring and M&A - - - - -
Other Special Charges (186) 49,097 - - -
Non-Interest Expense (47,768) (149,999) (42,089) (40,900) (35,802)
Special Income/Charges (186) 49,097 - - -
Net Income Before Taxes (18,803) (69,845) 8,488 11,423 6,088
Premium Tax (Credit) - - - - -
Minority Interest - - - - -
Income Taxes (4,318) 6,686 (2,634) (3,869) (1,890)
Net Income from Continuing Operations (23,121) (63,159) 5,854 7,554 4,198
Net Income from Discontinued Operations - - - - -
Net Income from Total Operations (23,121) (63,159) 5,854 7,554 4,198
Extraordinary Income/Loss - - - - -
Income from Cum. Effect of Acct Change - - - - -
Income from Tax Loss Carryforward - - - - -
Other Gains - - - - -
Total Net Income (23,121) (63,159) 5,854 7,554 4,198
Normalized Income (22,935) (112,256) 5,854 7,554 4,198
Net Income Available for Common (25,652) (65,667) 5,669 7,554 4,198
Results [+] in Dollars (Preferred Dividends in Thousands)
12/2010 12/2009 12/2008 12/2007 12/2006
Dividends Paid Per Share 0.00 0.04 0.16 0.16 0.14
Preferred Dividends 2,531 2,508 185 - -
Basic EPS from Continuing Operations -1.53 -3.91 0.33 0.43 0.24
Basic EPS from Discontinued Operations 0.00 0.00 0.00 0.00 0.00
Basic EPS from Total Operations -1.53 -3.91 0.33 0.43 0.24
Basic EPS from Extraordinary Inc 0.00 0.00 0.00 0.00 0.00
Basic EPS from Cum. Effect of Acct Chg 0.00 0.00 0.00 0.00 0.00
Basic EPS from Tax Loss Carryforward 68,384 74,548 82,125 86,673 73,492
Basic EPS from Other Gains(Loss) 0.00 0.00 0.00 0.00 0.00
Basic EPS, Total -1.53 -3.91 0.33 0.43 0.24
Basic Normalized Net Income/Share -1.52 -6.95 0.33 0.43 0.24
Diluted EPS from Continuing Operations -1.53 -3.91 0.33 0.43 0.24
Diluted EPS from Discontinued Operations 0.00 0.00 0.00 0.00 0.00
Diluted EPS from Total Operations -1.53 -3.91 0.33 0.43 0.24
Diluted EPS from Extraordinary Inc 0.00 0.00 0.00 0.00 0.00
Diluted EPS from Cum. Effect of Acct Chg 0.00 0.00 0.00 0.00 0.00
Diluted EPS from Tax Loss Carryforward 0.00 0.00 0.00 0.00 0.00
Diluted EPS from Other Gains(Loss) 0.00 0.00 0.00 0.00 0.00
Diluted EPS, Total -1.53 -3.91 0.33 0.43 0.24
Diluted Normalized Net Income/Share -1.52 -6.95 0.33 0.43 0.24
Revenues Year-to-Date 96,430 102,783 108,024 110,239 89,198
Income Year-to-Date from Total Operations (23,121) (63,159) 5,854 7,554 4,198
EPS Year-to-Date from Total Operations -1.53 -3.91 0.33 0.43 0.24
Dividends Paid Per Share, Year-to-Date 0.00 0.04 0.16 0.16 0.14
 

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