Call reports 2014
SOUTH SOUND BANK — 2014
What SOUTH SOUND BANK reported to the FFIEC in 2014, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Total assets | 165,136,000 | 172,480,000 | 166,606,000 | 182,116,000 |
| Total loans | 96,088,000 | 99,944,000 | 98,066,000 | 101,244,000 |
| Allowance for loan losses | 2,487,000 | 2,444,000 | 2,268,000 | 2,236,000 |
| Securities available for sale | 33,319,000 | 32,734,000 | 32,232,000 | 31,305,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 140,616,000 | 147,465,000 | 141,392,000 | 156,499,000 |
| Interest-bearing deposits | 134,424,000 | 140,917,000 | 134,726,000 | 148,776,000 |
| Noninterest-bearing deposits | 6,192,000 | 6,548,000 | 6,666,000 | 7,723,000 |
| Equity capital | 22,834,000 | 23,273,000 | 23,303,000 | 23,612,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Interest income | 1,534,000 | 3,094,000 | 4,645,000 | 6,232,000 |
| Interest expense | 120,000 | 236,000 | 348,000 | 458,000 |
| Net interest income | 1,414,000 | 2,858,000 | 4,297,000 | 5,774,000 |
| Noninterest income | 234,000 | 464,000 | 602,000 | 798,000 |
| Noninterest expense | 1,431,000 | 2,927,000 | 4,336,000 | 5,826,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 261,000 | 439,000 | 607,000 | 790,000 |
| Income tax | 79,000 | 131,000 | 180,000 | 234,000 |
| Net income | 182,000 | 308,000 | 427,000 | 556,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Tier 1 capital | 22,873,000 | 23,003,000 | 23,126,000 | 23,261,000 |
| Total capital | 24,342,000 | 24,515,000 | 24,641,000 | 24,765,000 |
| Risk-weighted assets | 116,531,000 | 120,043,000 | 120,432,000 | 119,612,000 |