Call reports 2007
SOUTHERN STATE BANK — 2007
What SOUTHERN STATE BANK reported to the FFIEC in 2007, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Total assets | 79,619,000 | 79,919,000 | 79,843,000 | 87,377,000 |
| Total loans | 54,984,000 | 52,650,000 | 54,949,000 | 59,914,000 |
| Allowance for loan losses | 893,000 | 905,000 | 877,000 | 876,000 |
| Securities available for sale | 15,555,000 | 18,321,000 | 16,553,000 | 741,000 |
| Securities held to maturity | 2,242,000 | 2,036,000 | 1,864,000 | 450,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 67,962,000 | 66,409,000 | 65,159,000 | 70,949,000 |
| Interest-bearing deposits | 61,772,000 | 61,326,000 | 60,078,000 | 65,557,000 |
| Noninterest-bearing deposits | 6,190,000 | 5,083,000 | 5,081,000 | 5,392,000 |
| Equity capital | 6,985,000 | 6,952,000 | 7,286,000 | 13,953,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Interest income | 1,396,000 | 2,776,000 | 4,213,000 | 264,000 |
| Interest expense | 696,000 | 1,370,000 | 2,081,000 | 131,000 |
| Net interest income | 700,000 | 1,406,000 | 2,132,000 | 133,000 |
| Noninterest income | 122,000 | 239,000 | 351,000 | 18,000 |
| Noninterest expense | 574,000 | 1,156,000 | 1,742,000 | 68,000 |
| Provision for loan losses | 15,000 | 30,000 | 45,000 | 5,000 |
| Pretax income | 249,000 | 475,000 | 732,000 | 61,000 |
| Income tax | 69,000 | 129,000 | 202,000 | -72,000 |
| Net income | 180,000 | 346,000 | 530,000 | 133,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Tier 1 capital | 7,020,000 | 7,143,000 | 7,285,000 | 6,129,000 |
| Total capital | 7,768,000 | 7,873,000 | 8,021,000 | 6,882,000 |
| Risk-weighted assets | 59,698,000 | 58,199,000 | 58,705,000 | 60,083,000 |