Call reports 2021
SOUTHERN STATES BANK — 2021
What SOUTHERN STATES BANK reported to the FFIEC in 2021, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Total assets | 1,458,519,000 | 1,513,421,000 | 1,557,978,000 | 1,781,732,000 |
| Total loans | 1,085,542,000 | 1,100,326,000 | 1,147,544,000 | 1,252,699,000 |
| Allowance for loan losses | 12,605,000 | 13,339,000 | 14,097,000 | 14,844,000 |
| Securities available for sale | 106,217,000 | 105,617,000 | 113,317,000 | 132,172,000 |
| Securities held to maturity | 0 | 19,683,000 | 19,678,000 | 19,672,000 |
| Trading assets | 1,537,000 | 1,525,000 | 1,631,000 | 1,784,000 |
| Total deposits | 1,260,306,000 | 1,312,882,000 | 1,337,285,000 | 1,556,849,000 |
| Interest-bearing deposits | 894,930,000 | 943,131,000 | 956,211,000 | 1,014,905,000 |
| Noninterest-bearing deposits | 365,376,000 | 369,751,000 | 381,074,000 | 541,944,000 |
| Equity capital | 156,553,000 | 160,974,000 | 185,376,000 | 188,502,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Interest income | 13,677,000 | 27,872,000 | 42,607,000 | 57,777,000 |
| Interest expense | 1,241,000 | 2,408,000 | 3,476,000 | 4,453,000 |
| Net interest income | 12,436,000 | 25,464,000 | 39,131,000 | 53,324,000 |
| Noninterest income | 4,851,000 | 7,047,000 | 9,509,000 | 11,229,000 |
| Noninterest expense | 8,544,000 | 17,638,000 | 26,769,000 | 36,113,000 |
| Provision for loan losses | 750,000 | 1,500,000 | 2,250,000 | 2,982,000 |
| Pretax income | 7,761,000 | 13,168,000 | 19,604,000 | 25,402,000 |
| Income tax | 1,886,000 | 3,147,000 | 4,498,000 | 6,026,000 |
| Net income | 5,875,000 | 10,021,000 | 15,106,000 | 19,376,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Tier 1 capital | 136,185,000 | 139,797,000 | 164,348,000 | 168,027,000 |
| Total capital | 148,790,000 | 153,136,000 | 178,445,000 | 182,871,000 |
| Risk-weighted assets | 1,218,723,000 | 1,278,005,000 | 1,348,002,000 | 1,514,554,000 |