SSBBank

SSBBank 2006-2007 Financial Statements

Condensed Comparative Statement of Condition (000's)
Assets:	12-31-06		12-31-07
Cash and Due from Banks		$3,417		$3,013
United States Securities		9,252		7,010
Municipal Securities		8,996		8,625
Other Securities		1,600		1,854
Unrealized Gain (Loss) on A.F.S. Securities		-27		69
Federal Funds Sold		450		5,850
Loans	$61,561		$59,432
Unearned Interest	0		0
Reserve for Bad Debts	-538		-541
Loans (Net)		61,023		58,891
Building and Fixtures		1,569		2,319
Other Assets		2,669		2,786
Total Assets		$88,949		$90,417


Liabilities and Capital:
Deposits	$73,630		$76,048
Other Borrowings	6,637		5,739
Other Liabilities	1,106		1,034
Total Liabilities		$81,373		$82,821
Common Capital Stock	300		300
Surplus	3,700		3,700
Undivided Profits, Reserves, & Other	3,576		3,596
Total Capital		7,576		7,596
Total Liabilities and Capital		$88,949		$90,417

Condensed Comparative Income Statement (000's)
Incomes:	12-31-06		12-31-07
Interest and Fee Income on Loans & Leases	$4,353		$4,593
Interest Income from Depository Institutions	5		5
Interest/Dividend Income on Securities	762		762
Interest Income Federal Funds Sold	57		99
Total Interest Income		$5,177		$5,459
Service Charges on Deposits	446		458
Other Fee and Non-Interest Income	210		258
Total Non-Interest Income		656		716
Gains on Securities		0		0
Total Income		$5,833		$6,175


Expenses:
Interest Expense on Deposits	$1,680		$1,984
Interest Expense Federal Funds Purchased	12		4
Other Interest Expense	277		255
Total Interest Expense		$1,969		$2,243
Non-Interest Expenses		3,193		3,859
Total Expenses		$5,162		$6,102

Net Income Before Taxes		$671		$73
Less Income Taxes		160		-78
Net Income After Taxes		$511		$151