Call reports 2018
SOUTHERN STATES BANK — 2018
What SOUTHERN STATES BANK reported to the FFIEC in 2018, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Total assets | 735,492,000 | 768,051,000 | 842,330,000 | 888,073,000 |
| Total loans | 601,562,000 | 632,568,000 | 675,201,000 | 703,979,000 |
| Allowance for loan losses | 6,575,000 | 7,134,000 | 7,560,000 | 7,833,000 |
| Securities available for sale | 51,692,000 | 50,097,000 | 49,266,000 | 52,133,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 622,005,000 | 651,835,000 | 733,613,000 | 777,047,000 |
| Interest-bearing deposits | 503,161,000 | 535,022,000 | 603,850,000 | 658,372,000 |
| Noninterest-bearing deposits | 118,844,000 | 116,813,000 | 129,763,000 | 118,675,000 |
| Equity capital | 92,293,000 | 94,028,000 | 95,642,000 | 98,602,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Interest income | 8,162,000 | 16,908,000 | 26,558,000 | 37,193,000 |
| Interest expense | 1,290,000 | 2,792,000 | 4,751,000 | 7,208,000 |
| Net interest income | 6,872,000 | 14,116,000 | 21,807,000 | 29,985,000 |
| Noninterest income | 1,626,000 | 2,272,000 | 2,924,000 | 3,449,000 |
| Noninterest expense | 5,045,000 | 10,140,000 | 15,533,000 | 20,808,000 |
| Provision for loan losses | 840,000 | 1,395,000 | 1,826,000 | 2,196,000 |
| Pretax income | 2,613,000 | 4,831,000 | 7,350,000 | 10,408,000 |
| Income tax | 615,000 | 1,109,000 | 1,686,000 | 2,396,000 |
| Net income | 1,998,000 | 3,722,000 | 5,664,000 | 8,012,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Tier 1 capital | 87,221,000 | 89,024,000 | 91,038,000 | 93,463,000 |
| Total capital | 93,796,000 | 96,158,000 | 98,598,000 | 101,296,000 |
| Risk-weighted assets | 663,542,000 | 670,812,000 | 744,984,000 | 785,594,000 |