Call reports 2012
SOUTHERN STATES BANK — 2012
What SOUTHERN STATES BANK reported to the FFIEC in 2012, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2012Q1 | 2012Q2 | 2012Q3 | 2012Q4 |
|---|---|---|---|---|
| Total assets | 216,065,000 | 264,294,000 | 266,135,000 | 286,647,000 |
| Total loans | 182,436,000 | 218,661,000 | 223,170,000 | 229,338,000 |
| Allowance for loan losses | 2,728,000 | 3,838,000 | 4,119,000 | 4,946,000 |
| Securities available for sale | 13,916,000 | 15,284,000 | 12,672,000 | 11,949,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 178,412,000 | 217,400,000 | 216,797,000 | 237,696,000 |
| Interest-bearing deposits | 156,849,000 | 186,449,000 | 181,902,000 | 203,479,000 |
| Noninterest-bearing deposits | 21,563,000 | 30,951,000 | 34,895,000 | 34,217,000 |
| Equity capital | 36,907,000 | 39,340,000 | 40,142,000 | 40,040,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2012Q1 | 2012Q2 | 2012Q3 | 2012Q4 |
|---|---|---|---|---|
| Interest income | 2,694,000 | 5,782,000 | 10,109,000 | 13,892,000 |
| Interest expense | 552,000 | 1,184,000 | 1,845,000 | 2,482,000 |
| Net interest income | 2,142,000 | 4,598,000 | 8,264,000 | 11,410,000 |
| Noninterest income | 154,000 | 4,877,000 | 5,250,000 | 6,482,000 |
| Noninterest expense | 1,731,000 | 4,086,000 | 6,392,000 | 9,657,000 |
| Provision for loan losses | 50,000 | 1,150,000 | 1,650,000 | 2,475,000 |
| Pretax income | 515,000 | 4,239,000 | 5,472,000 | 5,767,000 |
| Income tax | 189,000 | 1,635,000 | 2,019,000 | 2,079,000 |
| Net income | 326,000 | 2,604,000 | 3,453,000 | 3,688,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2012Q1 | 2012Q2 | 2012Q3 | 2012Q4 |
|---|---|---|---|---|
| Tier 1 capital | 36,771,000 | 38,713,000 | 39,576,000 | 39,512,000 |
| Total capital | 39,189,000 | 41,532,000 | 42,459,000 | 42,733,000 |
| Risk-weighted assets | 193,104,000 | 224,533,000 | 229,426,000 | 255,492,000 |