Call reports 2003
SOUTH SOUND BANK — 2003
What SOUTH SOUND BANK reported to the FFIEC in 2003, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Total assets | 61,908,000 | 71,233,000 | 77,541,000 | 71,857,000 |
| Total loans | 55,097,000 | 61,123,000 | 55,807,000 | 52,472,000 |
| Allowance for loan losses | 661,000 | 734,000 | 734,000 | 664,000 |
| Securities available for sale | 3,779,000 | 2,272,000 | 4,680,000 | 8,824,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 55,633,000 | 62,646,000 | 68,374,000 | 62,323,000 |
| Interest-bearing deposits | 47,841,000 | 54,565,000 | 58,272,000 | 52,482,000 |
| Noninterest-bearing deposits | 7,792,000 | 8,081,000 | 10,102,000 | 9,841,000 |
| Equity capital | 5,920,000 | 6,181,000 | 6,499,000 | 6,833,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Interest income | 1,122,000 | 2,333,000 | 3,571,000 | 4,712,000 |
| Interest expense | 230,000 | 492,000 | 763,000 | 1,005,000 |
| Net interest income | 892,000 | 1,841,000 | 2,808,000 | 3,707,000 |
| Noninterest income | 50,000 | 98,000 | 145,000 | 194,000 |
| Noninterest expense | 537,000 | 1,083,000 | 1,616,000 | 2,162,000 |
| Provision for loan losses | 70,000 | 295,000 | 295,000 | 225,000 |
| Pretax income | 335,000 | 561,000 | 1,042,000 | 1,514,000 |
| Income tax | 114,000 | 190,000 | 353,000 | 508,000 |
| Net income | 221,000 | 371,000 | 689,000 | 1,006,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 5,905,000 | 6,166,000 | 6,484,000 | 6,809,000 |
| Total capital | 6,566,000 | 6,900,000 | 7,218,000 | 7,473,000 |
| Risk-weighted assets | 58,394,000 | 68,010,000 | 60,954,000 | 59,476,000 |