Call reports 2010
SOUTH SOUND BANK — 2010
What SOUTH SOUND BANK reported to the FFIEC in 2010, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Total assets | 168,277,000 | 169,614,000 | 172,157,000 | 171,922,000 |
| Total loans | 112,512,000 | 111,889,000 | 107,656,000 | 115,357,000 |
| Allowance for loan losses | 1,540,000 | 1,762,000 | 1,800,000 | 2,205,000 |
| Securities available for sale | 8,592,000 | 12,718,000 | 14,073,000 | 13,101,000 |
| Securities held to maturity | 3,953,000 | 5,115,000 | 5,925,000 | 5,920,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 135,344,000 | 134,419,000 | 137,352,000 | 133,595,000 |
| Interest-bearing deposits | 130,947,000 | 130,028,000 | 133,188,000 | 128,982,000 |
| Noninterest-bearing deposits | 4,397,000 | 4,391,000 | 4,164,000 | 4,613,000 |
| Equity capital | 22,730,000 | 23,236,000 | 23,847,000 | 23,507,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Interest income | 1,986,000 | 3,906,000 | 5,828,000 | 7,861,000 |
| Interest expense | 451,000 | 904,000 | 1,324,000 | 1,696,000 |
| Net interest income | 1,535,000 | 3,002,000 | 4,504,000 | 6,165,000 |
| Noninterest income | 139,000 | 806,000 | 1,501,000 | 1,469,000 |
| Noninterest expense | 1,156,000 | 2,499,000 | 3,778,000 | 4,881,000 |
| Provision for loan losses | 90,000 | 290,000 | 340,000 | 1,340,000 |
| Pretax income | 428,000 | 1,019,000 | 1,887,000 | 1,413,000 |
| Income tax | 127,000 | 314,000 | 586,000 | 394,000 |
| Net income | 301,000 | 705,000 | 1,301,000 | 1,019,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Tier 1 capital | 22,515,000 | 22,921,000 | 23,558,000 | 23,198,000 |
| Total capital | 24,142,000 | 24,576,000 | 25,145,000 | 24,894,000 |
| Risk-weighted assets | 130,481,000 | 132,211,000 | 126,634,000 | 135,065,000 |