Call reports 2007
SOUTHERN STATES BANK — 2007
What SOUTHERN STATES BANK reported to the FFIEC in 2007, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2007Q3 | 2007Q4 |
|---|---|---|
| Total assets | 34,662,000 | 36,879,000 |
| Total loans | 7,561,000 | 21,160,000 |
| Allowance for loan losses | 76,000 | 473,000 |
| Securities available for sale | 499,000 | 2,897,000 |
| Securities held to maturity | 0 | 0 |
| Trading assets | 0 | 0 |
| Total deposits | 3,998,000 | 6,340,000 |
| Interest-bearing deposits | 2,821,000 | 4,913,000 |
| Noninterest-bearing deposits | 1,177,000 | 1,427,000 |
| Equity capital | 30,657,000 | 29,992,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2007Q3 | 2007Q4 |
|---|---|---|
| Interest income | 401,000 | 907,000 |
| Interest expense | 55,000 | 101,000 |
| Net interest income | 346,000 | 806,000 |
| Noninterest income | 2,000 | 31,000 |
| Noninterest expense | 1,155,000 | 1,944,000 |
| Provision for loan losses | 76,000 | 473,000 |
| Pretax income | -883,000 | -1,580,000 |
| Income tax | 0 | 0 |
| Net income | -883,000 | -1,580,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q3 | 2007Q4 |
|---|---|---|
| Tier 1 capital | 30,657,000 | 29,982,000 |
| Total capital | 30,733,000 | 30,287,000 |
| Risk-weighted assets | 13,392,000 | 24,267,000 |
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