Call reports 2004
SOUTHERN STATE BANK — 2004
What SOUTHERN STATE BANK reported to the FFIEC in 2004, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Total assets | 67,116,000 | 69,184,000 | 69,193,000 | 71,232,000 |
| Total loans | 41,640,000 | 41,935,000 | 42,333,000 | 43,967,000 |
| Allowance for loan losses | 551,000 | 631,000 | 672,000 | 708,000 |
| Securities available for sale | 16,609,000 | 17,998,000 | 17,944,000 | 17,620,000 |
| Securities held to maturity | 3,396,000 | 2,930,000 | 2,585,000 | 2,575,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 56,436,000 | 55,501,000 | 56,224,000 | 58,265,000 |
| Interest-bearing deposits | 53,339,000 | 52,040,000 | 52,381,000 | 51,353,000 |
| Noninterest-bearing deposits | 3,097,000 | 3,461,000 | 3,843,000 | 6,912,000 |
| Equity capital | 5,805,000 | 5,666,000 | 5,917,000 | 5,967,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Interest income | 928,000 | 1,907,000 | 2,888,000 | 3,848,000 |
| Interest expense | 316,000 | 620,000 | 938,000 | 1,260,000 |
| Net interest income | 612,000 | 1,287,000 | 1,950,000 | 2,588,000 |
| Noninterest income | 88,000 | 210,000 | 310,000 | 400,000 |
| Noninterest expense | 440,000 | 903,000 | 1,426,000 | 1,936,000 |
| Provision for loan losses | 45,000 | 125,000 | 190,000 | 230,000 |
| Pretax income | 245,000 | 500,000 | 675,000 | 853,000 |
| Income tax | 78,000 | 154,000 | 219,000 | 247,000 |
| Net income | 167,000 | 346,000 | 456,000 | 606,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Tier 1 capital | 5,699,000 | 5,836,000 | 5,904,000 | 6,010,000 |
| Total capital | 6,250,000 | 6,427,000 | 6,511,000 | 6,627,000 |
| Risk-weighted assets | 47,290,000 | 47,362,000 | 48,489,000 | 49,251,000 |