Call reports 2018
SOUTH SHORE BANK — 2018
What SOUTH SHORE BANK reported to the FFIEC in 2018, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Total assets | 1,347,846,000 | 1,382,976,000 | 1,392,961,000 | 1,418,126,000 |
| Total loans | 994,514,000 | 1,025,170,000 | 1,043,897,000 | 1,069,551,000 |
| Allowance for loan losses | 8,738,000 | 9,217,000 | 9,604,000 | 10,475,000 |
| Securities available for sale | 248,636,000 | 236,990,000 | 238,190,000 | 240,759,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,090,504,000 | 1,125,049,000 | 1,150,670,000 | 1,172,241,000 |
| Interest-bearing deposits | 864,690,000 | 883,449,000 | 898,146,000 | 913,003,000 |
| Noninterest-bearing deposits | 225,814,000 | 241,600,000 | 252,524,000 | 259,238,000 |
| Equity capital | 141,767,000 | 143,024,000 | 144,984,000 | 149,035,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Interest income | 12,492,000 | 24,920,000 | 37,908,000 | 51,790,000 |
| Interest expense | 1,747,000 | 3,754,000 | 5,926,000 | 8,303,000 |
| Net interest income | 10,745,000 | 21,166,000 | 31,982,000 | 43,487,000 |
| Noninterest income | 1,060,000 | 2,406,000 | 4,034,000 | 6,983,000 |
| Noninterest expense | 8,565,000 | 17,215,000 | 25,581,000 | 35,182,000 |
| Provision for loan losses | 300,000 | 775,000 | 1,275,000 | 2,125,000 |
| Pretax income | 3,028,000 | 5,663,000 | 9,148,000 | 13,155,000 |
| Income tax | 817,000 | 1,529,000 | 2,182,000 | 3,035,000 |
| Net income | 2,211,000 | 4,134,000 | 6,966,000 | 10,120,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Tier 1 capital | 135,394,000 | 137,345,000 | 141,342,000 | 144,579,000 |
| Total capital | 144,353,000 | 146,761,000 | 151,145,000 | 155,253,000 |
| Risk-weighted assets | 929,944,000 | 949,210,000 | 975,292,000 | 1,003,107,000 |