Call reports 2016
SOUTHERN STATES BANK — 2016
What SOUTHERN STATES BANK reported to the FFIEC in 2016, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Total assets | 541,731,000 | 574,422,000 | 607,985,000 | 629,314,000 |
| Total loans | 426,709,000 | 463,614,000 | 481,515,000 | 502,856,000 |
| Allowance for loan losses | 4,232,000 | 4,305,000 | 4,624,000 | 4,949,000 |
| Securities available for sale | 37,758,000 | 38,431,000 | 34,673,000 | 42,153,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 460,496,000 | 482,706,000 | 515,934,000 | 521,803,000 |
| Interest-bearing deposits | 382,374,000 | 398,571,000 | 420,713,000 | 421,353,000 |
| Noninterest-bearing deposits | 78,122,000 | 84,135,000 | 95,221,000 | 100,450,000 |
| Equity capital | 58,844,000 | 60,693,000 | 61,326,000 | 84,469,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Interest income | 6,048,000 | 12,413,000 | 19,384,000 | 26,327,000 |
| Interest expense | 603,000 | 1,202,000 | 1,875,000 | 2,618,000 |
| Net interest income | 5,445,000 | 11,211,000 | 17,509,000 | 23,709,000 |
| Noninterest income | 823,000 | 1,810,000 | 2,466,000 | 3,877,000 |
| Noninterest expense | 4,263,000 | 8,390,000 | 12,604,000 | 17,041,000 |
| Provision for loan losses | 187,000 | 459,000 | 767,000 | 1,082,000 |
| Pretax income | 1,898,000 | 4,334,000 | 6,903,000 | 9,762,000 |
| Income tax | 644,000 | 1,502,000 | 2,435,000 | 3,445,000 |
| Net income | 1,254,000 | 2,832,000 | 4,468,000 | 6,317,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Tier 1 capital | 52,436,000 | 54,050,000 | 54,827,000 | 79,218,000 |
| Total capital | 56,668,000 | 58,355,000 | 59,451,000 | 84,167,000 |
| Risk-weighted assets | 443,201,000 | 475,436,000 | 497,957,000 | 571,464,000 |