Call reports 2011
SOUTH SOUND BANK — 2011
What SOUTH SOUND BANK reported to the FFIEC in 2011, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Total assets | 170,421,000 | 165,537,000 | 165,396,000 | 164,814,000 |
| Total loans | 109,787,000 | 109,666,000 | 105,592,000 | 106,202,000 |
| Allowance for loan losses | 2,389,000 | 3,534,000 | 5,323,000 | 4,631,000 |
| Securities available for sale | 10,985,000 | 12,424,000 | 11,663,000 | 17,350,000 |
| Securities held to maturity | 5,913,000 | 5,906,000 | 5,899,000 | 5,857,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 140,091,000 | 135,679,000 | 135,853,000 | 136,985,000 |
| Interest-bearing deposits | 120,523,000 | 115,636,000 | 114,984,000 | 116,031,000 |
| Noninterest-bearing deposits | 19,568,000 | 20,043,000 | 20,869,000 | 20,954,000 |
| Equity capital | 24,309,000 | 24,404,000 | 24,299,000 | 22,827,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Interest income | 1,920,000 | 3,812,000 | 5,759,000 | 7,608,000 |
| Interest expense | 336,000 | 649,000 | 943,000 | 1,209,000 |
| Net interest income | 1,584,000 | 3,163,000 | 4,816,000 | 6,399,000 |
| Noninterest income | 2,016,000 | 3,936,000 | 4,893,000 | 5,002,000 |
| Noninterest expense | 1,298,000 | 3,027,000 | 4,000,000 | 5,267,000 |
| Provision for loan losses | 1,292,000 | 3,051,000 | 5,097,000 | 7,777,000 |
| Pretax income | 1,010,000 | 1,021,000 | 612,000 | -1,643,000 |
| Income tax | 321,000 | 302,000 | 140,000 | -650,000 |
| Net income | 689,000 | 719,000 | 472,000 | -993,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Tier 1 capital | 23,981,000 | 23,990,000 | 23,861,000 | 22,400,000 |
| Total capital | 25,591,000 | 25,653,000 | 25,502,000 | 24,035,000 |
| Risk-weighted assets | 127,908,000 | 130,843,000 | 127,632,000 | 127,780,000 |