Call reports 2017
SOUTH SHORE BANK — 2017
What SOUTH SHORE BANK reported to the FFIEC in 2017, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Total assets | 1,070,675,000 | 1,072,427,000 | 1,062,804,000 | 1,344,260,000 |
| Total loans | 772,188,000 | 782,318,000 | 794,856,000 | 982,805,000 |
| Allowance for loan losses | 7,734,000 | 8,115,000 | 8,341,000 | 8,440,000 |
| Securities available for sale | 203,917,000 | 199,300,000 | 201,043,000 | 259,478,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 850,943,000 | 847,894,000 | 847,959,000 | 1,088,057,000 |
| Interest-bearing deposits | 668,480,000 | 664,486,000 | 665,638,000 | 875,758,000 |
| Noninterest-bearing deposits | 182,463,000 | 183,407,000 | 182,321,000 | 212,299,000 |
| Equity capital | 117,244,000 | 119,104,000 | 120,683,000 | 142,279,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Interest income | 8,860,000 | 18,334,000 | 27,693,000 | 38,672,000 |
| Interest expense | 1,405,000 | 2,852,000 | 4,268,000 | 5,811,000 |
| Net interest income | 7,455,000 | 15,482,000 | 23,425,000 | 32,861,000 |
| Noninterest income | 969,000 | 2,063,000 | 3,139,000 | 4,334,000 |
| Noninterest expense | 6,128,000 | 12,824,000 | 19,291,000 | 27,363,000 |
| Provision for loan losses | 94,000 | 463,000 | 689,000 | 875,000 |
| Pretax income | 2,290,000 | 4,500,000 | 6,862,000 | 9,236,000 |
| Income tax | 758,000 | 1,487,000 | 2,336,000 | 5,350,000 |
| Net income | 1,532,000 | 3,013,000 | 4,526,000 | 3,886,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Tier 1 capital | 113,630,000 | 115,111,000 | 116,624,000 | 133,824,000 |
| Total capital | 121,364,000 | 123,226,000 | 124,965,000 | 142,281,000 |
| Risk-weighted assets | 725,242,000 | 733,504,000 | 749,699,000 | 909,954,000 |