Call reports 2022
SOUTHERN STATES BANK — 2022
What SOUTHERN STATES BANK reported to the FFIEC in 2022, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Total assets | 1,799,583,000 | 1,904,800,000 | 2,056,325,000 | 2,048,225,000 |
| Total loans | 1,312,579,000 | 1,432,913,000 | 1,526,632,000 | 1,588,211,000 |
| Allowance for loan losses | 15,492,000 | 16,807,000 | 18,423,000 | 20,156,000 |
| Securities available for sale | 151,027,000 | 151,749,000 | 150,715,000 | 155,544,000 |
| Securities held to maturity | 19,667,000 | 19,662,000 | 19,657,000 | 19,652,000 |
| Trading assets | 4,278,000 | 6,628,000 | 9,358,000 | 9,007,000 |
| Total deposits | 1,550,274,000 | 1,651,588,000 | 1,773,251,000 | 1,740,148,000 |
| Interest-bearing deposits | 1,026,729,000 | 1,132,348,000 | 1,267,479,000 | 1,259,765,000 |
| Noninterest-bearing deposits | 523,545,000 | 519,240,000 | 505,772,000 | 480,383,000 |
| Equity capital | 206,924,000 | 207,315,000 | 229,906,000 | 247,855,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Interest income | 15,872,000 | 33,624,000 | 56,144,000 | 82,850,000 |
| Interest expense | 893,000 | 1,811,000 | 4,429,000 | 9,302,000 |
| Net interest income | 14,979,000 | 31,813,000 | 51,715,000 | 73,548,000 |
| Noninterest income | 1,740,000 | 3,241,000 | 4,778,000 | 9,365,000 |
| Noninterest expense | 9,092,000 | 18,514,000 | 28,547,000 | 37,853,000 |
| Provision for loan losses | 699,000 | 2,004,000 | 3,667,000 | 5,605,000 |
| Pretax income | 6,567,000 | 14,133,000 | 23,733,000 | 38,823,000 |
| Income tax | 1,568,000 | 3,376,000 | 5,739,000 | 8,552,000 |
| Net income | 4,999,000 | 10,757,000 | 17,994,000 | 30,271,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Tier 1 capital | 192,383,000 | 197,524,000 | 224,145,000 | 240,815,000 |
| Total capital | 207,875,000 | 214,331,000 | 242,568,000 | 260,971,000 |
| Risk-weighted assets | 1,561,873,000 | 1,772,895,000 | 1,884,696,000 | 1,971,685,000 |