Call reports 2021
SOUTH SHORE BANK — 2021
What SOUTH SHORE BANK reported to the FFIEC in 2021, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Total assets | 1,983,808,000 | 1,995,578,000 | 2,050,074,000 | 2,054,713,000 |
| Total loans | 1,404,949,000 | 1,329,721,000 | 1,333,491,000 | 1,319,800,000 |
| Allowance for loan losses | 20,018,000 | 20,018,000 | 20,014,000 | 20,039,000 |
| Securities available for sale | 335,446,000 | 356,622,000 | 375,732,000 | 417,587,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,698,306,000 | 1,708,573,000 | 1,765,801,000 | 1,780,859,000 |
| Interest-bearing deposits | 1,261,877,000 | 1,274,147,000 | 1,318,669,000 | 1,290,376,000 |
| Noninterest-bearing deposits | 436,428,000 | 434,426,000 | 447,131,000 | 490,484,000 |
| Equity capital | 177,298,000 | 184,337,000 | 187,366,000 | 190,385,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Interest income | 15,699,000 | 31,891,000 | 47,716,000 | 63,065,000 |
| Interest expense | 1,770,000 | 3,076,000 | 4,288,000 | 5,360,000 |
| Net interest income | 13,929,000 | 28,815,000 | 43,428,000 | 57,705,000 |
| Noninterest income | 1,848,000 | 4,207,000 | 5,881,000 | 8,276,000 |
| Noninterest expense | 10,164,000 | 20,697,000 | 30,717,000 | 40,708,000 |
| Provision for loan losses | 110,000 | 110,000 | 110,000 | 110,000 |
| Pretax income | 5,608,000 | 12,466,000 | 18,765,000 | 25,440,000 |
| Income tax | 1,402,000 | 3,086,000 | 4,541,000 | 6,372,000 |
| Net income | 4,206,000 | 9,380,000 | 14,224,000 | 19,068,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Tier 1 capital | 165,810,000 | 171,026,000 | 175,925,000 | 180,809,000 |
| Total capital | 181,705,000 | 186,877,000 | 192,269,000 | 197,241,000 |
| Risk-weighted assets | 1,266,327,000 | 1,262,765,000 | 1,302,670,000 | 1,309,788,000 |