Call reports 2006
SOUTHERN STATE BANK — 2006
What SOUTHERN STATE BANK reported to the FFIEC in 2006, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Total assets | 80,093,000 | 84,879,000 | 84,719,000 | 82,613,000 |
| Total loans | 48,349,000 | 53,150,000 | 55,306,000 | 53,873,000 |
| Allowance for loan losses | 860,000 | 880,000 | 877,000 | 883,000 |
| Securities available for sale | 21,985,000 | 21,500,000 | 19,263,000 | 19,382,000 |
| Securities held to maturity | 2,671,000 | 2,622,000 | 2,553,000 | 2,333,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 65,096,000 | 70,249,000 | 71,748,000 | 66,969,000 |
| Interest-bearing deposits | 59,950,000 | 65,595,000 | 66,633,000 | 61,981,000 |
| Noninterest-bearing deposits | 5,146,000 | 4,654,000 | 5,115,000 | 4,988,000 |
| Equity capital | 6,327,000 | 6,354,000 | 6,656,000 | 6,823,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Interest income | 1,190,000 | 2,514,000 | 3,931,000 | 5,332,000 |
| Interest expense | 542,000 | 1,153,000 | 1,835,000 | 2,553,000 |
| Net interest income | 648,000 | 1,361,000 | 2,096,000 | 2,779,000 |
| Noninterest income | 107,000 | 225,000 | 349,000 | 464,000 |
| Noninterest expense | 545,000 | 1,122,000 | 1,730,000 | 2,312,000 |
| Provision for loan losses | 19,000 | 38,000 | 56,000 | 75,000 |
| Pretax income | 191,000 | 426,000 | 659,000 | 856,000 |
| Income tax | 51,000 | 118,000 | 186,000 | 230,000 |
| Net income | 140,000 | 308,000 | 473,000 | 626,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,523,000 | 6,649,000 | 6,772,000 | 6,882,000 |
| Total capital | 7,210,000 | 7,421,000 | 7,537,000 | 7,633,000 |
| Risk-weighted assets | 54,786,000 | 61,678,000 | 61,061,000 | 59,950,000 |