Call reports 2009
SOUTH SOUND BANK — 2009
What SOUTH SOUND BANK reported to the FFIEC in 2009, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Total assets | 167,814,000 | 162,118,000 | 163,080,000 | 155,116,000 |
| Total loans | 131,308,000 | 125,702,000 | 117,618,000 | 110,811,000 |
| Allowance for loan losses | 1,579,000 | 2,166,000 | 2,490,000 | 2,250,000 |
| Securities available for sale | 9,905,000 | 7,001,000 | 8,340,000 | 8,788,000 |
| Securities held to maturity | 2,960,000 | 3,466,000 | 3,461,000 | 3,959,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 135,394,000 | 132,493,000 | 135,035,000 | 126,698,000 |
| Interest-bearing deposits | 130,393,000 | 124,576,000 | 130,694,000 | 123,143,000 |
| Noninterest-bearing deposits | 5,001,000 | 7,917,000 | 4,341,000 | 3,555,000 |
| Equity capital | 21,568,000 | 21,655,000 | 21,730,000 | 22,412,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Interest income | 2,438,000 | 4,828,000 | 7,049,000 | 9,226,000 |
| Interest expense | 540,000 | 1,052,000 | 1,553,000 | 2,025,000 |
| Net interest income | 1,898,000 | 3,776,000 | 5,496,000 | 7,201,000 |
| Noninterest income | 110,000 | 415,000 | 909,000 | 1,770,000 |
| Noninterest expense | 1,093,000 | 2,290,000 | 3,518,000 | 4,532,000 |
| Provision for loan losses | 111,000 | 876,000 | 1,888,000 | 2,414,000 |
| Pretax income | 804,000 | 1,084,000 | 1,058,000 | 2,084,000 |
| Income tax | 258,000 | 337,000 | 311,000 | 642,000 |
| Net income | 546,000 | 747,000 | 747,000 | 1,442,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Tier 1 capital | 21,322,000 | 21,463,000 | 21,469,000 | 22,165,000 |
| Total capital | 23,018,000 | 23,197,000 | 23,132,000 | 23,759,000 |
| Risk-weighted assets | 145,959,000 | 138,191,000 | 132,153,000 | 126,782,000 |