Call reports 2023
SOUTHERN STATES BANK — 2023
What SOUTHERN STATES BANK reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Total assets | 2,137,421,000 | 2,279,932,000 | 2,299,286,000 | 2,447,691,000 |
| Total loans | 1,647,691,000 | 1,718,101,000 | 1,775,948,000 | 1,884,958,000 |
| Allowance for loan losses | 19,855,000 | 21,385,000 | 22,181,000 | 24,378,000 |
| Securities available for sale | 163,550,000 | 163,076,000 | 169,859,000 | 179,001,000 |
| Securities held to maturity | 19,647,000 | 19,642,000 | 19,637,000 | 19,631,000 |
| Trading assets | 7,485,000 | 8,588,000 | 9,772,000 | 7,879,000 |
| Total deposits | 1,806,892,000 | 1,939,917,000 | 1,932,756,000 | 2,033,156,000 |
| Interest-bearing deposits | 1,355,658,000 | 1,474,478,000 | 1,498,275,000 | 1,580,230,000 |
| Noninterest-bearing deposits | 451,234,000 | 465,439,000 | 434,481,000 | 452,926,000 |
| Equity capital | 257,012,000 | 265,428,000 | 270,138,000 | 284,232,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Interest income | 28,699,000 | 60,884,000 | 96,088,000 | 132,260,000 |
| Interest expense | 8,016,000 | 19,636,000 | 32,995,000 | 47,665,000 |
| Net interest income | 20,683,000 | 41,248,000 | 63,093,000 | 84,595,000 |
| Noninterest income | 1,309,000 | 8,238,000 | 5,250,000 | 8,565,000 |
| Noninterest expense | 9,625,000 | 22,178,000 | 30,275,000 | 39,995,000 |
| Provision for loan losses | 1,181,000 | 2,738,000 | 3,511,000 | 6,090,000 |
| Pretax income | 11,227,000 | 24,357,000 | 34,303,000 | 47,102,000 |
| Income tax | 2,594,000 | 5,646,000 | 7,854,000 | 10,598,000 |
| Net income | 8,633,000 | 18,711,000 | 26,449,000 | 36,504,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 248,852,000 | 258,303,000 | 265,421,000 | 274,850,000 |
| Total capital | 269,992,000 | 281,183,000 | 289,126,000 | 300,467,000 |
| Risk-weighted assets | 2,017,264,000 | 2,087,639,000 | 2,115,523,000 | 2,233,978,000 |