Call reports 2007
FIRST SOUTHERN STATE BANK — 2007
What FIRST SOUTHERN STATE BANK reported to the FFIEC in 2007, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Total assets | 198,479,000 | 204,931,000 | 207,652,000 | 223,204,000 |
| Total loans | 112,771,000 | 124,337,000 | 130,172,000 | 141,375,000 |
| Allowance for loan losses | 1,028,000 | 1,043,000 | 1,106,000 | 1,131,000 |
| Securities available for sale | 61,197,000 | 59,706,000 | 60,324,000 | 63,935,000 |
| Securities held to maturity | 7,000 | 6,000 | 6,000 | 6,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 167,444,000 | 172,049,000 | 173,370,000 | 179,475,000 |
| Interest-bearing deposits | 144,164,000 | 147,861,000 | 151,338,000 | 156,877,000 |
| Noninterest-bearing deposits | 23,280,000 | 24,188,000 | 22,032,000 | 22,598,000 |
| Equity capital | 16,987,000 | 16,801,000 | 18,021,000 | 18,913,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Interest income | 3,041,000 | 6,309,000 | 9,738,000 | 13,336,000 |
| Interest expense | 1,512,000 | 3,118,000 | 4,814,000 | 6,554,000 |
| Net interest income | 1,529,000 | 3,191,000 | 4,924,000 | 6,782,000 |
| Noninterest income | 287,000 | 602,000 | 911,000 | 1,240,000 |
| Noninterest expense | 1,204,000 | 2,439,000 | 3,637,000 | 4,880,000 |
| Provision for loan losses | 75,000 | 150,000 | 225,000 | 335,000 |
| Pretax income | 537,000 | 1,204,000 | 1,973,000 | 2,807,000 |
| Income tax | 134,000 | 323,000 | 539,000 | 775,000 |
| Net income | 403,000 | 881,000 | 1,434,000 | 2,032,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Tier 1 capital | 16,096,000 | 16,591,000 | 17,160,000 | 17,826,000 |
| Total capital | 17,125,000 | 17,634,000 | 18,266,000 | 18,957,000 |
| Risk-weighted assets | 119,053,000 | 129,940,000 | 134,851,000 | 147,553,000 |
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