Call reports 2015
SOUTH SHORE BANK — 2015
What SOUTH SHORE BANK reported to the FFIEC in 2015, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Total assets | 1,006,277,000 | 1,066,354,000 | 1,025,978,000 | 1,027,520,000 |
| Total loans | 720,825,000 | 739,157,000 | 730,451,000 | 729,189,000 |
| Allowance for loan losses | 6,763,000 | 6,951,000 | 6,950,000 | 6,962,000 |
| Securities available for sale | 205,579,000 | 209,695,000 | 216,826,000 | 225,381,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 705,810,000 | 772,274,000 | 743,490,000 | 751,200,000 |
| Interest-bearing deposits | 589,227,000 | 606,706,000 | 612,272,000 | 609,176,000 |
| Noninterest-bearing deposits | 116,583,000 | 165,568,000 | 131,218,000 | 142,024,000 |
| Equity capital | 110,847,000 | 110,030,000 | 111,489,000 | 111,182,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Interest income | 8,303,000 | 16,648,000 | 25,153,000 | 33,602,000 |
| Interest expense | 1,772,000 | 3,556,000 | 5,265,000 | 6,866,000 |
| Net interest income | 6,531,000 | 13,092,000 | 19,888,000 | 26,736,000 |
| Noninterest income | 1,234,000 | 2,450,000 | 4,074,000 | 5,404,000 |
| Noninterest expense | 6,940,000 | 13,622,000 | 20,511,000 | 27,272,000 |
| Provision for loan losses | 297,000 | 508,000 | 551,000 | 551,000 |
| Pretax income | 499,000 | 1,378,000 | 2,947,000 | 4,362,000 |
| Income tax | 147,000 | 409,000 | 845,000 | 1,253,000 |
| Net income | 352,000 | 969,000 | 2,102,000 | 3,109,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Tier 1 capital | 105,576,000 | 106,195,000 | 107,328,000 | 108,335,000 |
| Total capital | 112,339,000 | 113,146,000 | 114,278,000 | 115,297,000 |
| Risk-weighted assets | 688,351,000 | 721,002,000 | 717,461,000 | 699,818,000 |