Call reports 2019
SOUTH SHORE BANK — 2019
What SOUTH SHORE BANK reported to the FFIEC in 2019, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Total assets | 1,431,793,000 | 1,482,441,000 | 1,540,426,000 | 1,566,357,000 |
| Total loans | 1,075,003,000 | 1,110,041,000 | 1,128,311,000 | 1,215,802,000 |
| Allowance for loan losses | 10,958,000 | 11,431,000 | 11,877,000 | 12,452,000 |
| Securities available for sale | 238,234,000 | 235,975,000 | 244,003,000 | 246,597,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,178,187,000 | 1,231,295,000 | 1,286,099,000 | 1,314,293,000 |
| Interest-bearing deposits | 925,025,000 | 958,318,000 | 1,003,365,000 | 1,047,210,000 |
| Noninterest-bearing deposits | 253,162,000 | 272,977,000 | 282,735,000 | 267,083,000 |
| Equity capital | 153,508,000 | 158,732,000 | 162,747,000 | 164,677,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Interest income | 13,884,000 | 28,238,000 | 43,355,000 | 58,574,000 |
| Interest expense | 2,524,000 | 5,270,000 | 8,381,000 | 11,612,000 |
| Net interest income | 11,360,000 | 22,968,000 | 34,974,000 | 46,962,000 |
| Noninterest income | 1,349,000 | 2,798,000 | 4,242,000 | 5,803,000 |
| Noninterest expense | 8,815,000 | 17,688,000 | 26,642,000 | 35,872,000 |
| Provision for loan losses | 450,000 | 900,000 | 1,350,000 | 1,950,000 |
| Pretax income | 3,451,000 | 7,309,000 | 11,431,000 | 15,223,000 |
| Income tax | 828,000 | 1,782,000 | 2,882,000 | 3,905,000 |
| Net income | 2,623,000 | 5,527,000 | 8,549,000 | 11,318,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Tier 1 capital | 146,686,000 | 149,635,000 | 152,796,000 | 155,610,000 |
| Total capital | 157,843,000 | 161,299,000 | 164,882,000 | 168,272,000 |
| Risk-weighted assets | 1,021,524,000 | 1,051,475,000 | 1,071,620,000 | 1,148,770,000 |