Call reports 2008
SOUTHERN STATES BANK — 2008
What SOUTHERN STATES BANK reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 50,988,000 | 102,808,000 | 114,444,000 | 116,426,000 |
| Total loans | 36,437,000 | 49,950,000 | 68,795,000 | 85,498,000 |
| Allowance for loan losses | 618,000 | 718,000 | 688,000 | 1,093,000 |
| Securities available for sale | 3,983,000 | 13,445,000 | 27,401,000 | 22,371,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 18,987,000 | 71,092,000 | 82,972,000 | 82,004,000 |
| Interest-bearing deposits | 16,380,000 | 68,210,000 | 78,864,000 | 75,976,000 |
| Noninterest-bearing deposits | 2,608,000 | 2,882,000 | 4,108,000 | 6,028,000 |
| Equity capital | 29,600,000 | 29,003,000 | 28,745,000 | 27,858,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 579,000 | 1,364,000 | 2,658,000 | 4,049,000 |
| Interest expense | 99,000 | 425,000 | 1,172,000 | 1,941,000 |
| Net interest income | 480,000 | 939,000 | 1,486,000 | 2,108,000 |
| Noninterest income | 26,000 | 66,000 | 87,000 | 135,000 |
| Noninterest expense | 761,000 | 1,768,000 | 2,798,000 | 4,254,000 |
| Provision for loan losses | 145,000 | 245,000 | 306,000 | 710,000 |
| Pretax income | -400,000 | -1,008,000 | -1,531,000 | -2,694,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | -400,000 | -1,008,000 | -1,531,000 | -2,694,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 29,581,000 | 29,060,000 | 28,621,000 | 27,555,000 |
| Total capital | 30,099,000 | 29,778,000 | 29,309,000 | 28,648,000 |
| Risk-weighted assets | 41,350,000 | 61,212,000 | 80,163,000 | 98,246,000 |
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