Call reports 2011
SOUTHERN STATES BANK — 2011
What SOUTHERN STATES BANK reported to the FFIEC in 2011, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Total assets | 193,076,000 | 194,580,000 | 207,617,000 | 212,679,000 |
| Total loans | 152,619,000 | 154,857,000 | 164,957,000 | 173,618,000 |
| Allowance for loan losses | 2,560,000 | 2,822,000 | 2,737,000 | 2,558,000 |
| Securities available for sale | 18,812,000 | 15,658,000 | 13,728,000 | 15,242,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 160,357,000 | 164,884,000 | 170,834,000 | 175,568,000 |
| Interest-bearing deposits | 146,986,000 | 148,162,000 | 152,620,000 | 153,661,000 |
| Noninterest-bearing deposits | 13,371,000 | 16,721,000 | 18,214,000 | 21,907,000 |
| Equity capital | 28,832,000 | 29,143,000 | 36,097,000 | 36,530,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Interest income | 2,481,000 | 5,013,000 | 7,565,000 | 10,277,000 |
| Interest expense | 665,000 | 1,312,000 | 1,896,000 | 2,446,000 |
| Net interest income | 1,816,000 | 3,701,000 | 5,669,000 | 7,831,000 |
| Noninterest income | 100,000 | 267,000 | 372,000 | 510,000 |
| Noninterest expense | 1,424,000 | 3,029,000 | 4,725,000 | 6,326,000 |
| Provision for loan losses | 225,000 | 517,000 | 667,000 | 667,000 |
| Pretax income | 267,000 | 486,000 | 718,000 | 1,417,000 |
| Income tax | 97,000 | 181,000 | 267,000 | 518,000 |
| Net income | 170,000 | 305,000 | 451,000 | 899,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Tier 1 capital | 28,156,000 | 28,378,000 | 35,346,000 | 36,425,000 |
| Total capital | 30,193,000 | 30,436,000 | 37,557,000 | 38,758,000 |
| Risk-weighted assets | 162,446,000 | 163,869,000 | 176,344,000 | 186,386,000 |