Call reports 2020
FIRST SOUTHERN STATE BANK — 2020
What FIRST SOUTHERN STATE BANK reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 561,162,000 | 607,875,000 | 610,865,000 | 643,139,000 |
| Total loans | 330,431,000 | 358,716,000 | 357,985,000 | 345,327,000 |
| Allowance for loan losses | 3,745,000 | 3,845,000 | 4,204,000 | 4,420,000 |
| Securities available for sale | 157,773,000 | 163,884,000 | 169,214,000 | 196,837,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 491,605,000 | 536,779,000 | 539,252,000 | 570,158,000 |
| Interest-bearing deposits | 429,325,000 | 496,681,000 | 501,930,000 | 525,091,000 |
| Noninterest-bearing deposits | 62,280,000 | 40,098,000 | 37,322,000 | 45,067,000 |
| Equity capital | 63,770,000 | 64,988,000 | 66,077,000 | 67,939,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 5,888,000 | 11,692,000 | 17,512,000 | 23,893,000 |
| Interest expense | 1,047,000 | 2,010,000 | 2,901,000 | 3,687,000 |
| Net interest income | 4,841,000 | 9,682,000 | 14,611,000 | 20,206,000 |
| Noninterest income | 758,000 | 1,442,000 | 2,297,000 | 3,202,000 |
| Noninterest expense | 4,006,000 | 7,462,000 | 10,704,000 | 14,013,000 |
| Provision for loan losses | 195,000 | 375,000 | 795,000 | 1,175,000 |
| Pretax income | 1,483,000 | 3,420,000 | 5,784,000 | 8,622,000 |
| Income tax | 303,000 | 613,000 | 1,096,000 | 1,729,000 |
| Net income | 1,180,000 | 2,807,000 | 4,688,000 | 6,893,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 55,041,000 | 56,024,000 | 56,928,000 | 58,706,000 |