Call reports 2015
SOUTHERN STATES BANK — 2015
What SOUTHERN STATES BANK reported to the FFIEC in 2015, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Total assets | 340,333,000 | 334,728,000 | 356,215,000 | 530,600,000 |
| Total loans | 249,451,000 | 264,432,000 | 289,515,000 | 417,010,000 |
| Allowance for loan losses | 3,051,000 | 3,556,000 | 3,499,000 | 3,645,000 |
| Securities available for sale | 22,927,000 | 26,682,000 | 27,394,000 | 37,079,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 286,937,000 | 287,542,000 | 304,260,000 | 434,075,000 |
| Interest-bearing deposits | 241,919,000 | 235,621,000 | 245,036,000 | 365,033,000 |
| Noninterest-bearing deposits | 45,018,000 | 51,921,000 | 59,224,000 | 69,042,000 |
| Equity capital | 44,766,000 | 44,983,000 | 45,775,000 | 57,555,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Interest income | 3,408,000 | 7,023,000 | 11,087,000 | 16,604,000 |
| Interest expense | 332,000 | 692,000 | 1,051,000 | 1,530,000 |
| Net interest income | 3,076,000 | 6,331,000 | 10,036,000 | 15,074,000 |
| Noninterest income | 327,000 | 1,438,000 | 1,893,000 | 2,423,000 |
| Noninterest expense | 2,981,000 | 6,102,000 | 9,338,000 | 13,522,000 |
| Provision for loan losses | 0 | 500,000 | 506,000 | 706,000 |
| Pretax income | 479,000 | 1,232,000 | 2,149,000 | 3,338,000 |
| Income tax | 149,000 | 394,000 | 692,000 | 1,188,000 |
| Net income | 330,000 | 838,000 | 1,457,000 | 2,150,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Tier 1 capital | 44,715,000 | 45,228,000 | 45,852,000 | 51,160,000 |
| Total capital | 47,766,000 | 48,784,000 | 49,351,000 | 54,805,000 |
| Risk-weighted assets | 276,241,000 | 289,960,000 | 303,121,000 | 432,187,000 |