Call reports 2008
SOUTH SOUND BANK — 2008
What SOUTH SOUND BANK reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 144,332,000 | 153,042,000 | 148,318,000 | 152,746,000 |
| Total loans | 120,587,000 | 121,380,000 | 121,527,000 | 126,805,000 |
| Allowance for loan losses | 1,342,000 | 1,327,000 | 1,325,000 | 1,454,000 |
| Securities available for sale | 4,226,000 | 4,925,000 | 8,670,000 | 10,076,000 |
| Securities held to maturity | 1,737,000 | 2,458,000 | 2,970,000 | 2,965,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 115,720,000 | 124,877,000 | 122,908,000 | 126,794,000 |
| Interest-bearing deposits | 107,519,000 | 115,650,000 | 109,162,000 | 122,451,000 |
| Noninterest-bearing deposits | 8,201,000 | 9,227,000 | 13,746,000 | 4,343,000 |
| Equity capital | 19,936,000 | 20,430,000 | 20,574,000 | 21,062,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 2,561,000 | 5,089,000 | 7,717,000 | 10,231,000 |
| Interest expense | 826,000 | 1,637,000 | 2,522,000 | 3,226,000 |
| Net interest income | 1,735,000 | 3,452,000 | 5,195,000 | 7,005,000 |
| Noninterest income | 107,000 | 236,000 | 340,000 | 435,000 |
| Noninterest expense | 1,065,000 | 2,102,000 | 3,156,000 | 4,178,000 |
| Provision for loan losses | 0 | 3,000 | 65,000 | 247,000 |
| Pretax income | 777,000 | 1,583,000 | 2,314,000 | 3,015,000 |
| Income tax | 254,000 | 516,000 | 750,000 | 973,000 |
| Net income | 523,000 | 1,067,000 | 1,564,000 | 2,042,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 19,893,000 | 20,457,000 | 20,507,000 | 20,913,000 |
| Total capital | 21,352,000 | 21,912,000 | 21,965,000 | 22,498,000 |
| Risk-weighted assets | 132,286,000 | 134,191,000 | 135,253,000 | 139,436,000 |