Call reports 2024
SOUTHERN STATES BANK — 2024
What SOUTHERN STATES BANK reported to the FFIEC in 2024, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Total assets | 2,512,175,000 | 2,573,093,000 | 2,841,254,000 | 2,850,032,000 |
| Total loans | 1,965,574,000 | 2,017,149,000 | 2,199,626,000 | 2,226,972,000 |
| Allowance for loan losses | 25,144,000 | 25,828,000 | 28,061,000 | 28,338,000 |
| Securities available for sale | 177,379,000 | 184,510,000 | 198,076,000 | 196,870,000 |
| Securities held to maturity | 19,627,000 | 19,621,000 | 19,616,000 | 19,611,000 |
| Trading assets | 7,996,000 | 7,742,000 | 6,290,000 | 6,575,000 |
| Total deposits | 2,124,053,000 | 2,188,543,000 | 2,431,396,000 | 2,420,879,000 |
| Interest-bearing deposits | 1,693,095,000 | 1,759,610,000 | 1,874,264,000 | 1,835,940,000 |
| Noninterest-bearing deposits | 430,958,000 | 428,933,000 | 557,132,000 | 584,939,000 |
| Equity capital | 292,874,000 | 301,614,000 | 349,133,000 | 358,666,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Interest income | 38,736,000 | 79,743,000 | 124,811,000 | 169,796,000 |
| Interest expense | 16,764,000 | 35,073,000 | 54,701,000 | 73,386,000 |
| Net interest income | 21,972,000 | 44,670,000 | 70,110,000 | 96,410,000 |
| Noninterest income | 1,255,000 | 2,580,000 | 4,233,000 | 7,137,000 |
| Noninterest expense | 9,803,000 | 20,817,000 | 34,040,000 | 46,611,000 |
| Provision for loan losses | 1,236,000 | 2,303,000 | 4,885,000 | 4,957,000 |
| Pretax income | 12,127,000 | 24,171,000 | 35,447,000 | 51,973,000 |
| Income tax | 2,769,000 | 5,443,000 | 8,203,000 | 12,343,000 |
| Net income | 9,358,000 | 18,728,000 | 27,244,000 | 39,630,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 283,596,000 | 292,348,000 | 314,681,000 | 324,487,000 |
| Total capital | 310,028,000 | 319,382,000 | 344,147,000 | 354,230,000 |
| Risk-weighted assets | 2,274,395,000 | 2,319,080,000 | 2,531,622,000 | 2,497,351,000 |