Call reports 2020
SOUTH SHORE BANK — 2020
What SOUTH SHORE BANK reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 1,614,934,000 | 1,831,530,000 | 1,847,048,000 | 1,898,435,000 |
| Total loans | 1,250,121,000 | 1,384,172,000 | 1,415,418,000 | 1,375,103,000 |
| Allowance for loan losses | 13,884,000 | 15,406,000 | 18,364,000 | 19,895,000 |
| Securities available for sale | 247,722,000 | 254,563,000 | 256,668,000 | 296,885,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,330,330,000 | 1,509,405,000 | 1,521,176,000 | 1,591,387,000 |
| Interest-bearing deposits | 1,054,701,000 | 1,127,068,000 | 1,146,101,000 | 1,208,495,000 |
| Noninterest-bearing deposits | 275,629,000 | 382,338,000 | 375,075,000 | 382,893,000 |
| Equity capital | 167,671,000 | 171,365,000 | 174,278,000 | 177,316,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 15,029,000 | 29,918,000 | 45,619,000 | 62,151,000 |
| Interest expense | 3,114,000 | 6,143,000 | 8,685,000 | 11,226,000 |
| Net interest income | 11,915,000 | 23,775,000 | 36,934,000 | 50,925,000 |
| Noninterest income | 1,718,000 | 2,874,000 | 4,779,000 | 5,772,000 |
| Noninterest expense | 9,733,000 | 20,660,000 | 30,068,000 | 40,164,000 |
| Provision for loan losses | 1,455,000 | 2,955,000 | 5,905,000 | 7,430,000 |
| Pretax income | 2,536,000 | 3,264,000 | 6,101,000 | 9,476,000 |
| Income tax | 685,000 | 900,000 | 1,667,000 | 2,371,000 |
| Net income | 1,851,000 | 2,364,000 | 4,434,000 | 7,105,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 156,883,000 | 157,438,000 | 159,275,000 | 161,985,000 |
| Total capital | 171,117,000 | 173,006,000 | 175,282,000 | 178,019,000 |
| Risk-weighted assets | 1,225,712,000 | 1,244,794,000 | 1,277,383,000 | 1,277,773,000 |