Call reports 2002
SOUTHERN STATE BANK — 2002
What SOUTHERN STATE BANK reported to the FFIEC in 2002, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Total assets | 60,005,000 | 60,669,000 | 61,093,000 | 62,992,000 |
| Total loans | 39,861,000 | 39,958,000 | 40,266,000 | 39,835,000 |
| Allowance for loan losses | 439,000 | 437,000 | 426,000 | 409,000 |
| Securities available for sale | 8,081,000 | 9,266,000 | 9,272,000 | 10,550,000 |
| Securities held to maturity | 5,469,000 | 5,480,000 | 5,105,000 | 4,785,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 54,393,000 | 54,749,000 | 54,987,000 | 56,850,000 |
| Interest-bearing deposits | 50,742,000 | 51,242,000 | 51,374,000 | 52,203,000 |
| Noninterest-bearing deposits | 3,651,000 | 3,507,000 | 3,613,000 | 4,647,000 |
| Equity capital | 5,309,000 | 5,502,000 | 5,598,000 | 5,698,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Interest income | 1,041,000 | 2,066,000 | 3,086,000 | 4,065,000 |
| Interest expense | 510,000 | 1,000,000 | 1,477,000 | 1,930,000 |
| Net interest income | 531,000 | 1,066,000 | 1,609,000 | 2,135,000 |
| Noninterest income | 96,000 | 196,000 | 291,000 | 412,000 |
| Noninterest expense | 408,000 | 811,000 | 1,263,000 | 1,677,000 |
| Provision for loan losses | 75,000 | 115,000 | 145,000 | 200,000 |
| Pretax income | 145,000 | 336,000 | 542,000 | 739,000 |
| Income tax | 38,000 | 94,000 | 155,000 | 224,000 |
| Net income | 107,000 | 242,000 | 387,000 | 515,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Tier 1 capital | 5,321,000 | 5,417,000 | 5,519,000 | 5,606,000 |
| Total capital | 5,760,000 | 5,854,000 | 5,945,000 | 6,015,000 |
| Risk-weighted assets | 42,905,000 | 43,505,000 | 44,035,000 | 45,165,000 |