Call reports 2010
SOUTHERN STATES BANK — 2010
What SOUTHERN STATES BANK 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 | 178,415,000 | 181,441,000 | 188,594,000 | 191,448,000 |
| Total loans | 141,408,000 | 145,651,000 | 142,895,000 | 148,652,000 |
| Allowance for loan losses | 1,959,000 | 1,959,000 | 1,809,000 | 2,236,000 |
| Securities available for sale | 11,604,000 | 11,105,000 | 14,475,000 | 18,883,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 148,001,000 | 152,073,000 | 159,094,000 | 160,826,000 |
| Interest-bearing deposits | 134,513,000 | 136,961,000 | 143,943,000 | 144,830,000 |
| Noninterest-bearing deposits | 13,488,000 | 15,112,000 | 15,151,000 | 15,997,000 |
| Equity capital | 27,710,000 | 27,788,000 | 27,919,000 | 28,597,000 |
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 | 2,365,000 | 4,760,000 | 7,155,000 | 9,485,000 |
| Interest expense | 864,000 | 1,703,000 | 2,510,000 | 3,259,000 |
| Net interest income | 1,501,000 | 3,057,000 | 4,645,000 | 6,226,000 |
| Noninterest income | 60,000 | 157,000 | 278,000 | 381,000 |
| Noninterest expense | 1,241,000 | 2,558,000 | 3,909,000 | 5,293,000 |
| Provision for loan losses | 175,000 | 475,000 | 775,000 | 1,375,000 |
| Pretax income | 145,000 | 240,000 | 390,000 | 90,000 |
| Income tax | -58,000 | -97,000 | -159,000 | -1,575,000 |
| Net income | 203,000 | 337,000 | 549,000 | 1,665,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Tier 1 capital | 27,412,000 | 27,431,000 | 27,696,000 | 27,877,000 |
| Total capital | 29,264,000 | 29,330,000 | 29,505,000 | 29,841,000 |
| Risk-weighted assets | 148,157,000 | 151,857,000 | 149,782,000 | 156,870,000 |
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