Call reports 2024
SOUTH SHORE BANK — 2024
What SOUTH SHORE BANK reported to the FFIEC in 2024, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Total assets | 2,201,255,000 | 2,187,468,000 | 2,241,072,000 | 2,255,062,000 |
| Total loans | 1,482,051,000 | 1,502,379,000 | 1,505,963,000 | 1,553,287,000 |
| Allowance for loan losses | 15,073,000 | 15,055,000 | 15,178,000 | 15,145,000 |
| Securities available for sale | 530,747,000 | 521,089,000 | 541,580,000 | 532,444,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,938,548,000 | 1,930,972,000 | 1,972,102,000 | 1,989,545,000 |
| Interest-bearing deposits | 1,527,353,000 | 1,523,653,000 | 1,554,590,000 | 1,558,989,000 |
| Noninterest-bearing deposits | 411,195,000 | 407,319,000 | 417,512,000 | 430,556,000 |
| Equity capital | 204,622,000 | 206,498,000 | 217,855,000 | 211,361,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Interest income | 24,597,000 | 50,372,000 | 76,988,000 | 103,978,000 |
| Interest expense | 10,464,000 | 21,776,000 | 33,810,000 | 45,802,000 |
| Net interest income | 14,133,000 | 28,596,000 | 43,178,000 | 58,176,000 |
| Noninterest income | 1,494,000 | 3,115,000 | 4,798,000 | 6,662,000 |
| Noninterest expense | 12,263,000 | 24,461,000 | 37,093,000 | 53,648,000 |
| Provision for loan losses | 50,000 | 50,000 | 50,000 | 50,000 |
| Pretax income | 3,366,000 | 7,212,000 | 10,988,000 | 10,754,000 |
| Income tax | 876,000 | 1,887,000 | 2,907,000 | 2,321,000 |
| Net income | 2,490,000 | 5,325,000 | 8,081,000 | 8,433,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 223,874,000 | 226,751,000 | 229,550,000 | 229,945,000 |
| Total capital | 240,122,000 | 242,993,000 | 245,915,000 | 246,277,000 |
| Risk-weighted assets | 1,556,424,000 | 1,588,767,000 | 1,575,315,000 | 1,619,740,000 |
Machine access — free, no API key
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