Call reports 2020
SOUTHERN STATES BANK — 2020
What SOUTHERN STATES BANK reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 1,171,054,000 | 1,296,125,000 | 1,300,055,000 | 1,332,475,000 |
| Total loans | 899,671,000 | 987,851,000 | 1,005,428,000 | 1,035,811,000 |
| Allowance for loan losses | 10,199,000 | 10,502,000 | 12,116,000 | 11,859,000 |
| Securities available for sale | 76,021,000 | 85,440,000 | 93,145,000 | 114,001,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 791,000 | 1,106,000 | 1,005,000 |
| Total deposits | 1,004,837,000 | 1,113,354,000 | 1,114,057,000 | 1,139,822,000 |
| Interest-bearing deposits | 917,742,000 | 997,343,000 | 992,990,000 | 848,794,000 |
| Noninterest-bearing deposits | 87,095,000 | 116,011,000 | 121,067,000 | 291,028,000 |
| Equity capital | 139,080,000 | 145,816,000 | 149,288,000 | 152,671,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 12,509,000 | 24,560,000 | 37,456,000 | 50,275,000 |
| Interest expense | 2,545,000 | 4,866,000 | 6,617,000 | 8,033,000 |
| Net interest income | 9,964,000 | 19,694,000 | 30,839,000 | 42,242,000 |
| Noninterest income | 1,277,000 | 3,151,000 | 5,380,000 | 6,955,000 |
| Noninterest expense | 7,379,000 | 14,816,000 | 22,574,000 | 30,843,000 |
| Provision for loan losses | 800,000 | 1,100,000 | 2,700,000 | 3,300,000 |
| Pretax income | 3,800,000 | 7,671,000 | 11,691,000 | 15,806,000 |
| Income tax | 901,000 | 1,623,000 | 2,244,000 | 2,846,000 |
| Net income | 2,899,000 | 6,048,000 | 9,447,000 | 12,960,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 122,168,000 | 124,854,000 | 127,791,000 | 130,852,000 |
| Total capital | 132,367,000 | 135,356,000 | 139,907,000 | 142,711,000 |
| Risk-weighted assets | 1,035,206,000 | 1,057,382,000 | 1,090,361,000 | 1,117,954,000 |