Call reports 2004
SOUTH SOUND BANK — 2004
What SOUTH SOUND BANK reported to the FFIEC in 2004, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Total assets | 71,526,000 | 73,211,000 | 86,421,000 | 90,138,000 |
| Total loans | 54,501,000 | 60,773,000 | 63,651,000 | 70,080,000 |
| Allowance for loan losses | 663,000 | 703,000 | 732,000 | 845,000 |
| Securities available for sale | 7,581,000 | 7,455,000 | 7,005,000 | 8,950,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 61,880,000 | 60,775,000 | 72,954,000 | 76,361,000 |
| Interest-bearing deposits | 51,166,000 | 50,299,000 | 59,844,000 | 63,073,000 |
| Noninterest-bearing deposits | 10,714,000 | 10,476,000 | 13,110,000 | 13,288,000 |
| Equity capital | 7,268,000 | 10,230,000 | 11,231,000 | 11,548,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Interest income | 1,159,000 | 2,460,000 | 3,802,000 | 5,284,000 |
| Interest expense | 219,000 | 428,000 | 666,000 | 946,000 |
| Net interest income | 940,000 | 2,032,000 | 3,136,000 | 4,338,000 |
| Noninterest income | 62,000 | 131,000 | 191,000 | 275,000 |
| Noninterest expense | 568,000 | 1,170,000 | 1,883,000 | 2,641,000 |
| Provision for loan losses | 0 | 115,000 | 215,000 | 328,000 |
| Pretax income | 434,000 | 875,000 | 1,227,000 | 1,642,000 |
| Income tax | 142,000 | 285,000 | 400,000 | 535,000 |
| Net income | 292,000 | 590,000 | 827,000 | 1,107,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Tier 1 capital | 7,238,000 | 10,280,000 | 11,244,000 | 11,590,000 |
| Total capital | 7,901,000 | 10,983,000 | 11,976,000 | 12,435,000 |
| Risk-weighted assets | 60,682,000 | 64,619,000 | 70,182,000 | 76,578,000 |