Call reports 2022
FIRST SOUTHERN STATE BANK — 2022
What FIRST SOUTHERN STATE BANK reported to the FFIEC in 2022, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Total assets | 741,437,000 | 742,946,000 | 746,479,000 | 753,306,000 |
| Total loans | 351,153,000 | 377,161,000 | 392,213,000 | 416,054,000 |
| Allowance for loan losses | 5,240,000 | 5,366,000 | 5,318,000 | 5,569,000 |
| Securities available for sale | 311,721,000 | 287,680,000 | 273,020,000 | 267,856,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 680,904,000 | 695,193,000 | 703,674,000 | 706,437,000 |
| Interest-bearing deposits | 631,846,000 | 638,817,000 | 647,694,000 | 647,252,000 |
| Noninterest-bearing deposits | 49,058,000 | 56,376,000 | 55,980,000 | 59,185,000 |
| Equity capital | 57,648,000 | 44,493,000 | 39,142,000 | 43,709,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Interest income | 5,991,000 | 12,328,000 | 19,150,000 | 26,401,000 |
| Interest expense | 708,000 | 1,389,000 | 2,081,000 | 3,061,000 |
| Net interest income | 5,283,000 | 10,939,000 | 17,069,000 | 23,340,000 |
| Noninterest income | 937,000 | 1,990,000 | 3,001,000 | 4,002,000 |
| Noninterest expense | 3,745,000 | 7,524,000 | 11,440,000 | 15,507,000 |
| Provision for loan losses | 0 | 150,000 | 345,000 | 605,000 |
| Pretax income | 2,495,000 | 5,277,000 | 8,307,000 | 11,242,000 |
| Income tax | 530,000 | 1,123,000 | 1,771,000 | 2,386,000 |
| Net income | 1,965,000 | 4,154,000 | 6,536,000 | 8,856,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Tier 1 capital | 68,499,000 | 69,886,000 | 72,290,000 | 73,047,000 |