Call reports 2003

SOUTHERN STATE BANK — 2003

Name: SOUTHERN STATE BANK — FFIEC call report 2003
Creator: SOUTHERN STATE BANK

What SOUTHERN STATE BANK reported to the FFIEC in 2003, quarter by quarter.

PERIOD: 2003SOURCE: FFIEC Call ReportEvery measure source-linked

Cite: FACTANKER, https://factanker.com/entity/cbfd414c-39f3-4ff3-9de4-f42b564be7a5/2003

Balance sheet

What the bank holds and owes at quarter end

Measure	2003Q1	2003Q2	2003Q3	2003Q4
Total assets	63,965,000	63,069,000	66,624,000	67,288,000
Total loans	40,150,000	40,176,000	44,053,000	42,495,000
Allowance for loan losses	454,000	468,000	459,000	583,000
Securities available for sale	14,105,000	12,598,000	13,428,000	13,259,000
Securities held to maturity	4,371,000	4,031,000	3,651,000	3,285,000
Trading assets	0	0	0	0
Total deposits	55,354,000	55,406,000	55,159,000	58,932,000
Interest-bearing deposits	52,151,000	52,283,000	51,663,000	52,791,000
Noninterest-bearing deposits	3,203,000	3,123,000	3,496,000	6,141,000
Equity capital	5,780,000	5,859,000	5,883,000	5,541,000

Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year

Measure	2003Q1	2003Q2	2003Q3	2003Q4
Interest income	966,000	1,915,000	2,894,000	3,808,000
Interest expense	413,000	795,000	1,140,000	1,469,000
Net interest income	553,000	1,120,000	1,754,000	2,339,000
Noninterest income	111,000	225,000	297,000	388,000
Noninterest expense	445,000	893,000	1,333,000	1,733,000
Provision for loan losses	30,000	60,000	100,000	875,000
Pretax income	189,000	393,000	619,000	120,000
Income tax	62,000	130,000	205,000	-19,000
Net income	127,000	263,000	414,000	139,000

Basel measures — not reported for every quarter

Measure	2003Q1	2003Q2	2003Q3	2003Q4
Tier 1 capital	5,690,000	5,783,000	5,892,000	5,532,000
Total capital	6,144,000	6,251,000	6,351,000	6,115,000
Risk-weighted assets	45,364,000	45,479,000	48,936,000	47,405,000