Call reports 2023
SOUTH SHORE BANK — 2023
What SOUTH SHORE BANK reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Total assets | 2,165,776,000 | 2,121,760,000 | 2,136,532,000 | 2,158,010,000 |
| Total loans | 1,391,769,000 | 1,403,893,000 | 1,442,566,000 | 1,450,200,000 |
| Allowance for loan losses | 20,072,000 | 20,149,000 | 20,108,000 | 15,087,000 |
| Securities available for sale | 551,064,000 | 537,238,000 | 524,494,000 | 545,353,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,923,844,000 | 1,873,715,000 | 1,898,845,000 | 1,878,610,000 |
| Interest-bearing deposits | 1,418,245,000 | 1,391,184,000 | 1,445,214,000 | 1,424,393,000 |
| Noninterest-bearing deposits | 505,599,000 | 482,532,000 | 453,631,000 | 454,217,000 |
| Equity capital | 184,299,000 | 183,772,000 | 180,030,000 | 203,085,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Interest income | 21,801,000 | 44,197,000 | 67,777,000 | 92,134,000 |
| Interest expense | 6,196,000 | 13,804,000 | 22,582,000 | 32,281,000 |
| Net interest income | 15,605,000 | 30,393,000 | 45,195,000 | 59,853,000 |
| Noninterest income | 1,745,000 | 3,293,000 | 4,893,000 | 6,581,000 |
| Noninterest expense | 10,358,000 | 21,859,000 | 34,173,000 | 45,804,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 7,205,000 | 11,933,000 | 16,021,000 | 20,925,000 |
| Income tax | 1,945,000 | 3,224,000 | 4,320,000 | 5,509,000 |
| Net income | 5,260,000 | 8,709,000 | 11,701,000 | 15,416,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 204,357,000 | 207,847,000 | 211,982,000 | 221,342,000 |
| Total capital | 222,470,000 | 226,221,000 | 230,834,000 | 237,604,000 |
| Risk-weighted assets | 1,445,909,000 | 1,466,933,000 | 1,505,753,000 | 1,510,906,000 |