Call reports 2019
SOUTHERN STATES BANK — 2019
What SOUTHERN STATES BANK reported to the FFIEC in 2019, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Total assets | 926,519,000 | 959,470,000 | 1,127,585,000 | 1,095,493,000 |
| Total loans | 716,683,000 | 703,400,000 | 832,047,000 | 840,199,000 |
| Allowance for loan losses | 8,520,000 | 9,217,000 | 9,534,000 | 9,265,000 |
| Securities available for sale | 52,102,000 | 53,196,000 | 56,779,000 | 59,946,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 818,299,000 | 843,369,000 | 983,535,000 | 951,124,000 |
| Interest-bearing deposits | 691,424,000 | 691,522,000 | 894,317,000 | 870,106,000 |
| Noninterest-bearing deposits | 126,875,000 | 151,847,000 | 89,218,000 | 81,018,000 |
| Equity capital | 101,357,000 | 105,072,000 | 137,154,000 | 138,275,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Interest income | 10,933,000 | 22,461,000 | 33,862,000 | 46,955,000 |
| Interest expense | 2,839,000 | 5,885,000 | 8,913,000 | 11,658,000 |
| Net interest income | 8,094,000 | 16,576,000 | 24,949,000 | 35,297,000 |
| Noninterest income | 690,000 | 2,306,000 | 5,385,000 | 6,760,000 |
| Noninterest expense | 5,396,000 | 11,046,000 | 20,627,000 | 27,592,000 |
| Provision for loan losses | 675,000 | 1,350,000 | 5,025,000 | 5,700,000 |
| Pretax income | 2,713,000 | 6,501,000 | 4,701,000 | 8,779,000 |
| Income tax | 630,000 | 1,536,000 | 1,719,000 | 2,667,000 |
| Net income | 2,083,000 | 4,965,000 | 2,982,000 | 6,112,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Tier 1 capital | 95,625,000 | 98,596,000 | 116,876,000 | 119,121,000 |
| Total capital | 104,145,000 | 107,813,000 | 126,410,000 | 128,386,000 |
| Risk-weighted assets | 810,456,000 | 823,723,000 | 943,639,000 | 956,146,000 |