Call reports 2016
SOUTH SOUND BANK — 2016
What SOUTH SOUND BANK reported to the FFIEC in 2016, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Total assets | 166,308,000 | 170,049,000 | 162,596,000 | 164,413,000 |
| Total loans | 111,350,000 | 111,444,000 | 114,146,000 | 123,390,000 |
| Allowance for loan losses | 1,941,000 | 1,930,000 | 1,937,000 | 1,946,000 |
| Securities available for sale | 18,189,000 | 18,113,000 | 18,541,000 | 17,982,000 |
| Securities held to maturity | 5,366,000 | 5,083,000 | 4,770,000 | 4,467,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 139,608,000 | 143,823,000 | 137,979,000 | 139,797,000 |
| Interest-bearing deposits | 131,432,000 | 136,374,000 | 130,493,000 | 131,783,000 |
| Noninterest-bearing deposits | 8,176,000 | 7,449,000 | 7,486,000 | 8,014,000 |
| Equity capital | 24,316,000 | 24,384,000 | 22,710,000 | 22,745,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Interest income | 1,614,000 | 3,237,000 | 4,853,000 | 6,548,000 |
| Interest expense | 92,000 | 190,000 | 292,000 | 396,000 |
| Net interest income | 1,522,000 | 3,047,000 | 4,561,000 | 6,152,000 |
| Noninterest income | 254,000 | 401,000 | 516,000 | 671,000 |
| Noninterest expense | 1,243,000 | 2,489,000 | 3,678,000 | 4,902,000 |
| Provision for loan losses | 0 | 0 | 0 | 50,000 |
| Pretax income | 584,000 | 1,010,000 | 1,450,000 | 1,922,000 |
| Income tax | 191,000 | 327,000 | 467,000 | 619,000 |
| Net income | 393,000 | 683,000 | 983,000 | 1,303,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Tier 1 capital | 23,466,000 | 23,540,000 | 21,970,000 | 22,218,000 |
| Total capital | 25,088,000 | 25,143,000 | 23,604,000 | 23,917,000 |
| Risk-weighted assets | 129,414,000 | 127,884,000 | 130,397,000 | 135,676,000 |