Call reports 2001
SOUTHERN STATE BANK — 2001
What SOUTHERN STATE BANK reported to the FFIEC in 2001, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2001Q1 | 2001Q2 | 2001Q3 | 2001Q4 |
|---|---|---|---|---|
| Total assets | 57,148,000 | 56,988,000 | 56,801,000 | 57,625,000 |
| Total loans | 38,670,000 | 39,340,000 | 40,216,000 | 39,836,000 |
| Allowance for loan losses | 395,000 | 424,000 | 355,000 | 389,000 |
| Securities available for sale | 2,639,000 | 2,824,000 | 3,731,000 | 3,802,000 |
| Securities held to maturity | 7,999,000 | 7,145,000 | 6,428,000 | 6,115,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 51,715,000 | 51,528,000 | 51,245,000 | 52,083,000 |
| Interest-bearing deposits | 48,596,000 | 48,049,000 | 47,302,000 | 48,889,000 |
| Noninterest-bearing deposits | 3,119,000 | 3,479,000 | 3,943,000 | 3,194,000 |
| Equity capital | 5,088,000 | 5,144,000 | 5,258,000 | 5,262,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2001Q1 | 2001Q2 | 2001Q3 | 2001Q4 |
|---|---|---|---|---|
| Interest income | 1,087,000 | 2,200,000 | 3,304,000 | 4,396,000 |
| Interest expense | 676,000 | 1,351,000 | 1,980,000 | 2,540,000 |
| Net interest income | 411,000 | 849,000 | 1,324,000 | 1,856,000 |
| Noninterest income | 78,000 | 163,000 | 260,000 | 364,000 |
| Noninterest expense | 358,000 | 714,000 | 1,079,000 | 1,488,000 |
| Provision for loan losses | 30,000 | 60,000 | 90,000 | 185,000 |
| Pretax income | 101,000 | 238,000 | 417,000 | 549,000 |
| Income tax | 20,000 | 54,000 | 104,000 | 130,000 |
| Net income | 81,000 | 184,000 | 313,000 | 419,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2001Q1 | 2001Q2 | 2001Q3 | 2001Q4 |
|---|---|---|---|---|
| Tier 1 capital | 5,055,000 | 5,104,000 | 5,202,000 | 5,226,000 |
| Total capital | 5,450,000 | 5,528,000 | 5,557,000 | 5,615,000 |
| Risk-weighted assets | 39,956,000 | 45,148,000 | 41,380,000 | 43,765,000 |