Call reports 2017
SOUTH SOUND BANK — 2017
What SOUTH SOUND BANK reported to the FFIEC in 2017, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Total assets | 165,218,000 | 178,808,000 | 171,578,000 | 170,504,000 |
| Total loans | 123,183,000 | 119,038,000 | 117,424,000 | 122,356,000 |
| Allowance for loan losses | 1,959,000 | 1,817,000 | 1,709,000 | 1,951,000 |
| Securities available for sale | 17,364,000 | 17,835,000 | 20,519,000 | 20,573,000 |
| Securities held to maturity | 4,260,000 | 4,037,000 | 3,837,000 | 3,684,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 139,878,000 | 153,363,000 | 145,808,000 | 144,635,000 |
| Interest-bearing deposits | 130,300,000 | 144,646,000 | 138,162,000 | 134,318,000 |
| Noninterest-bearing deposits | 9,578,000 | 8,717,000 | 7,646,000 | 10,317,000 |
| Equity capital | 23,240,000 | 23,565,000 | 23,855,000 | 23,926,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Interest income | 1,806,000 | 3,592,000 | 5,370,000 | 7,169,000 |
| Interest expense | 106,000 | 224,000 | 350,000 | 474,000 |
| Net interest income | 1,700,000 | 3,368,000 | 5,020,000 | 6,695,000 |
| Noninterest income | 154,000 | 291,000 | 357,000 | 473,000 |
| Noninterest expense | 1,148,000 | 2,392,000 | 3,486,000 | 4,788,000 |
| Provision for loan losses | 0 | 119,000 | 119,000 | 119,000 |
| Pretax income | 706,000 | 1,148,000 | 1,772,000 | 2,261,000 |
| Income tax | 231,000 | 373,000 | 575,000 | 879,000 |
| Net income | 475,000 | 775,000 | 1,197,000 | 1,382,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Tier 1 capital | 22,695,000 | 23,033,000 | 23,459,000 | 23,686,000 |
| Total capital | 24,399,000 | 24,708,000 | 25,157,000 | 25,462,000 |
| Risk-weighted assets | 136,102,000 | 133,921,000 | 135,874,000 | 141,975,000 |