Call reports 2002
BANK OF SALEM — 2002
What BANK OF SALEM reported to the FFIEC in 2002, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Total assets | 82,991,000 | 81,008,000 | 80,120,000 | 81,550,000 |
| Total loans | 41,500,000 | 41,965,000 | 42,595,000 | 42,110,000 |
| Allowance for loan losses | 408,000 | 434,000 | 451,000 | 465,000 |
| Securities available for sale | 32,502,000 | 31,346,000 | 29,154,000 | 29,854,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 70,027,000 | 67,350,000 | 66,489,000 | 68,372,000 |
| Interest-bearing deposits | 61,470,000 | 59,058,000 | 57,590,000 | 60,249,000 |
| Noninterest-bearing deposits | 8,557,000 | 8,292,000 | 8,899,000 | 8,123,000 |
| Equity capital | 7,422,000 | 8,050,000 | 8,454,000 | 8,140,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Interest income | 1,250,000 | 2,505,000 | 3,722,000 | 4,892,000 |
| Interest expense | 514,000 | 984,000 | 1,414,000 | 1,816,000 |
| Net interest income | 736,000 | 1,521,000 | 2,308,000 | 3,076,000 |
| Noninterest income | 62,000 | 144,000 | 226,000 | 277,000 |
| Noninterest expense | 456,000 | 882,000 | 1,343,000 | 1,923,000 |
| Provision for loan losses | 5,000 | 20,000 | 35,000 | 50,000 |
| Pretax income | 337,000 | 772,000 | 1,164,000 | 1,388,000 |
| Income tax | 106,000 | 248,000 | 370,000 | 428,000 |
| Net income | 231,000 | 524,000 | 794,000 | 960,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Tier 1 capital | 7,279,000 | 7,572,000 | 7,843,000 | 7,558,000 |
| Total capital | 7,687,000 | 8,006,000 | 8,294,000 | 8,023,000 |
| Risk-weighted assets | 44,006,000 | 43,682,000 | 42,492,000 | 42,512,000 |
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