Call reports 2021
SOUND COMMUNITY BANK — 2021
What SOUND COMMUNITY BANK reported to the FFIEC in 2021, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Total assets | 936,791,000 | 923,347,000 | 928,242,000 | 919,800,000 |
| Total loans | 625,090,000 | 643,307,000 | 671,435,000 | 689,491,000 |
| Allowance for loan losses | 5,935,000 | 6,157,000 | 6,327,000 | 6,306,000 |
| Securities available for sale | 9,078,000 | 7,526,000 | 7,059,000 | 8,419,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 828,539,000 | 814,056,000 | 815,199,000 | 805,479,000 |
| Interest-bearing deposits | 627,999,000 | 622,864,000 | 612,797,000 | 607,846,000 |
| Noninterest-bearing deposits | 200,541,000 | 191,192,000 | 202,402,000 | 197,633,000 |
| Equity capital | 93,397,000 | 96,000,000 | 98,992,000 | 100,986,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Interest income | 8,059,000 | 16,488,000 | 25,624,000 | 34,051,000 |
| Interest expense | 1,295,000 | 2,189,000 | 2,807,000 | 3,282,000 |
| Net interest income | 6,764,000 | 14,299,000 | 22,817,000 | 30,769,000 |
| Noninterest income | 2,643,000 | 4,339,000 | 5,734,000 | 7,153,000 |
| Noninterest expense | 6,021,000 | 11,840,000 | 18,024,000 | 24,847,000 |
| Provision for loan losses | 0 | 250,000 | 425,000 | 425,000 |
| Pretax income | 3,386,000 | 6,548,000 | 10,102,000 | 12,650,000 |
| Income tax | 692,000 | 1,337,000 | 2,063,000 | 2,528,000 |
| Net income | 2,694,000 | 5,211,000 | 8,039,000 | 10,122,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Tier 1 capital | 92,307,000 | 94,915,000 | 97,942,000 | 99,973,000 |