Call reports 2017
SOUTHERN STATES BANK — 2017
What SOUTHERN STATES BANK reported to the FFIEC in 2017, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Total assets | 634,179,000 | 653,252,000 | 685,249,000 | 735,821,000 |
| Total loans | 506,634,000 | 516,227,000 | 555,044,000 | 567,185,000 |
| Allowance for loan losses | 5,284,000 | 5,015,000 | 5,277,000 | 5,754,000 |
| Securities available for sale | 45,802,000 | 49,972,000 | 54,763,000 | 53,481,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 528,931,000 | 550,537,000 | 565,845,000 | 624,805,000 |
| Interest-bearing deposits | 425,416,000 | 436,590,000 | 447,100,000 | 510,535,000 |
| Noninterest-bearing deposits | 103,515,000 | 113,947,000 | 118,745,000 | 114,270,000 |
| Equity capital | 86,188,000 | 88,439,000 | 90,301,000 | 90,899,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Interest income | 6,850,000 | 14,144,000 | 21,756,000 | 29,568,000 |
| Interest expense | 774,000 | 1,581,000 | 2,449,000 | 3,508,000 |
| Net interest income | 6,076,000 | 12,563,000 | 19,307,000 | 26,060,000 |
| Noninterest income | 756,000 | 1,448,000 | 2,425,000 | 3,107,000 |
| Noninterest expense | 4,322,000 | 8,775,000 | 13,165,000 | 17,985,000 |
| Provision for loan losses | 329,000 | 442,000 | 903,000 | 1,316,000 |
| Pretax income | 2,181,000 | 4,795,000 | 7,671,000 | 9,873,000 |
| Income tax | 729,000 | 1,654,000 | 2,625,000 | 4,032,000 |
| Net income | 1,452,000 | 3,141,000 | 5,046,000 | 5,841,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Tier 1 capital | 80,601,000 | 82,341,000 | 84,302,000 | 85,243,000 |
| Total capital | 85,885,000 | 87,356,000 | 89,579,000 | 90,997,000 |
| Risk-weighted assets | 548,805,000 | 560,052,000 | 621,461,000 | 619,150,000 |