Call reports 2013
SOUTHERN STATES BANK — 2013
What SOUTHERN STATES BANK reported to the FFIEC in 2013, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Total assets | 307,676,000 | 278,921,000 | 260,917,000 | 254,557,000 |
| Total loans | 225,096,000 | 230,888,000 | 217,892,000 | 217,244,000 |
| Allowance for loan losses | 5,495,000 | 5,163,000 | 5,087,000 | 3,592,000 |
| Securities available for sale | 10,172,000 | 11,106,000 | 12,336,000 | 11,917,000 |
| Securities held to maturity | 0 | 1,949,000 | 2,878,000 | 2,926,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 258,357,000 | 230,966,000 | 212,228,000 | 205,790,000 |
| Interest-bearing deposits | 220,195,000 | 190,418,000 | 172,881,000 | 169,094,000 |
| Noninterest-bearing deposits | 38,162,000 | 40,548,000 | 39,347,000 | 36,696,000 |
| Equity capital | 40,623,000 | 40,996,000 | 41,842,000 | 41,879,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Interest income | 3,927,000 | 7,760,000 | 11,337,000 | 14,931,000 |
| Interest expense | 647,000 | 1,139,000 | 1,439,000 | 1,669,000 |
| Net interest income | 3,280,000 | 6,621,000 | 9,898,000 | 13,262,000 |
| Noninterest income | 577,000 | 827,000 | 1,198,000 | 1,754,000 |
| Noninterest expense | 2,377,000 | 4,794,000 | 7,193,000 | 9,841,000 |
| Provision for loan losses | 525,000 | 800,000 | 800,000 | 960,000 |
| Pretax income | 955,000 | 1,854,000 | 3,103,000 | 4,296,000 |
| Income tax | 343,000 | 611,000 | 1,036,000 | 1,392,000 |
| Net income | 612,000 | 1,243,000 | 2,067,000 | 2,904,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Tier 1 capital | 40,136,000 | 40,779,000 | 41,617,000 | 41,799,000 |
| Total capital | 43,112,000 | 43,853,000 | 44,284,000 | 44,707,000 |
| Risk-weighted assets | 235,554,000 | 243,846,000 | 210,926,000 | 231,954,000 |