Call reports 2016
SOUTH SHORE BANK — 2016
What SOUTH SHORE BANK reported to the FFIEC in 2016, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Total assets | 1,021,269,000 | 1,039,329,000 | 1,058,656,000 | 1,042,176,000 |
| Total loans | 728,317,000 | 746,485,000 | 755,802,000 | 766,318,000 |
| Allowance for loan losses | 6,706,000 | 7,092,000 | 7,092,000 | 7,677,000 |
| Securities available for sale | 226,364,000 | 216,303,000 | 214,018,000 | 204,005,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 765,163,000 | 791,553,000 | 806,422,000 | 820,468,000 |
| Interest-bearing deposits | 621,024,000 | 634,309,000 | 651,254,000 | 655,139,000 |
| Noninterest-bearing deposits | 144,139,000 | 157,244,000 | 155,168,000 | 165,329,000 |
| Equity capital | 113,734,000 | 114,845,000 | 117,320,000 | 116,032,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Interest income | 8,477,000 | 17,058,000 | 25,573,000 | 35,199,000 |
| Interest expense | 1,627,000 | 3,204,000 | 4,810,000 | 6,362,000 |
| Net interest income | 6,850,000 | 13,854,000 | 20,763,000 | 28,837,000 |
| Noninterest income | 1,239,000 | 2,353,000 | 3,802,000 | 4,828,000 |
| Noninterest expense | 6,446,000 | 13,992,000 | 20,155,000 | 26,671,000 |
| Provision for loan losses | 200,000 | 550,000 | 550,000 | 1,092,000 |
| Pretax income | 1,574,000 | 1,848,000 | 4,292,000 | 6,354,000 |
| Income tax | 634,000 | 737,000 | 1,238,000 | 1,940,000 |
| Net income | 940,000 | 1,111,000 | 3,054,000 | 4,414,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Tier 1 capital | 108,925,000 | 109,096,000 | 110,972,000 | 112,333,000 |
| Total capital | 115,631,000 | 116,188,000 | 118,064,000 | 120,010,000 |
| Risk-weighted assets | 689,781,000 | 701,827,000 | 705,855,000 | 717,420,000 |