Call reports 2006
SOUTH SOUND BANK — 2006
What SOUTH SOUND BANK reported to the FFIEC in 2006, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Total assets | 121,857,000 | 123,150,000 | 129,410,000 | 133,985,000 |
| Total loans | 96,220,000 | 96,558,000 | 104,463,000 | 106,336,000 |
| Allowance for loan losses | 1,179,000 | 1,179,000 | 1,254,000 | 1,351,000 |
| Securities available for sale | 9,475,000 | 8,512,000 | 8,479,000 | 6,626,000 |
| Securities held to maturity | 0 | 1,063,000 | 1,060,000 | 1,057,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 105,235,000 | 106,537,000 | 111,705,000 | 115,956,000 |
| Interest-bearing deposits | 85,966,000 | 87,334,000 | 93,294,000 | 97,405,000 |
| Noninterest-bearing deposits | 19,269,000 | 19,203,000 | 18,411,000 | 18,551,000 |
| Equity capital | 14,411,000 | 15,040,000 | 15,769,000 | 16,574,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Interest income | 2,268,000 | 4,688,000 | 7,409,000 | 10,160,000 |
| Interest expense | 692,000 | 1,505,000 | 2,456,000 | 3,389,000 |
| Net interest income | 1,576,000 | 3,183,000 | 4,953,000 | 6,771,000 |
| Noninterest income | 78,000 | 159,000 | 246,000 | 329,000 |
| Noninterest expense | 786,000 | 1,644,000 | 2,526,000 | 3,444,000 |
| Provision for loan losses | 0 | 0 | 74,000 | 179,000 |
| Pretax income | 868,000 | 1,698,000 | 2,599,000 | 3,477,000 |
| Income tax | 290,000 | 567,000 | 865,000 | 1,156,000 |
| Net income | 578,000 | 1,131,000 | 1,734,000 | 2,321,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Tier 1 capital | 14,500,000 | 15,134,000 | 15,796,000 | 16,585,000 |
| Total capital | 15,679,000 | 16,313,000 | 17,050,000 | 17,936,000 |
| Risk-weighted assets | 104,485,000 | 106,472,000 | 113,977,000 | 117,481,000 |