Call reports 2008
FIRST SOUTHERN STATE BANK — 2008
What FIRST SOUTHERN STATE BANK reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 234,136,000 | 236,949,000 | 239,277,000 | 329,816,000 |
| Total loans | 150,901,000 | 158,565,000 | 165,646,000 | 203,500,000 |
| Allowance for loan losses | 1,181,000 | 1,294,000 | 1,505,000 | 2,609,000 |
| Securities available for sale | 53,213,000 | 50,621,000 | 51,865,000 | 76,345,000 |
| Securities held to maturity | 6,000 | 5,000 | 5,000 | 5,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 193,213,000 | 196,811,000 | 193,717,000 | 272,409,000 |
| Interest-bearing deposits | 168,684,000 | 169,483,000 | 182,315,000 | 245,651,000 |
| Noninterest-bearing deposits | 24,529,000 | 27,328,000 | 11,402,000 | 26,758,000 |
| Equity capital | 19,645,000 | 18,931,000 | 20,144,000 | 34,064,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 3,509,000 | 7,049,000 | 10,603,000 | 14,107,000 |
| Interest expense | 1,718,000 | 3,346,000 | 4,946,000 | 6,442,000 |
| Net interest income | 1,791,000 | 3,703,000 | 5,657,000 | 7,665,000 |
| Noninterest income | 300,000 | 640,000 | 977,000 | 1,320,000 |
| Noninterest expense | 1,269,000 | 2,581,000 | 3,937,000 | 5,342,000 |
| Provision for loan losses | 75,000 | 235,000 | 435,000 | 760,000 |
| Pretax income | 747,000 | 1,542,000 | 2,281,000 | 2,902,000 |
| Income tax | 203,000 | 409,000 | 581,000 | 686,000 |
| Net income | 544,000 | 1,133,000 | 1,700,000 | 2,216,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 18,387,000 | 18,494,000 | 19,077,000 | 30,342,000 |
| Total capital | 19,568,000 | 19,788,000 | 20,582,000 | 32,951,000 |
| Risk-weighted assets | 157,328,000 | 170,257,000 | 174,946,000 | 223,601,000 |
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