Call reports 2023
FIRST SOUTHERN STATE BANK — 2023
What FIRST SOUTHERN STATE BANK reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Total assets | 764,304,000 | 772,050,000 | 765,940,000 | 783,382,000 |
| Total loans | 429,488,000 | 430,067,000 | 434,855,000 | 447,862,000 |
| Allowance for loan losses | 5,477,000 | 5,485,000 | 5,495,000 | 5,399,000 |
| Securities available for sale | 261,902,000 | 253,794,000 | 243,068,000 | 253,156,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 710,860,000 | 720,662,000 | 718,997,000 | 725,097,000 |
| Interest-bearing deposits | 654,752,000 | 663,298,000 | 663,679,000 | 666,223,000 |
| Noninterest-bearing deposits | 56,108,000 | 57,364,000 | 55,318,000 | 58,874,000 |
| Equity capital | 48,631,000 | 46,554,000 | 41,574,000 | 53,696,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Interest income | 7,676,000 | 15,938,000 | 24,520,000 | 33,507,000 |
| Interest expense | 1,744,000 | 4,056,000 | 6,569,000 | 9,433,000 |
| Net interest income | 5,932,000 | 11,882,000 | 17,951,000 | 24,074,000 |
| Noninterest income | 990,000 | 2,163,000 | 3,272,000 | 4,421,000 |
| Noninterest expense | 4,112,000 | 8,177,000 | 12,481,000 | 16,802,000 |
| Provision for loan losses | -105,000 | -75,000 | -15,000 | 45,000 |
| Pretax income | 2,694,000 | 5,717,000 | 8,531,000 | 11,422,000 |
| Income tax | 626,000 | 1,194,000 | 1,803,000 | 2,414,000 |
| Net income | 2,068,000 | 4,523,000 | 6,728,000 | 9,008,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 74,436,000 | 75,913,000 | 77,442,000 | 78,719,000 |