Call reports 2003
BANK OF SALEM — 2003
What BANK OF SALEM reported to the FFIEC in 2003, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Total assets | 82,081,000 | 81,194,000 | 78,232,000 | 79,275,000 |
| Total loans | 42,651,000 | 43,642,000 | 44,167,000 | 44,157,000 |
| Allowance for loan losses | 474,000 | 536,000 | 528,000 | 413,000 |
| Securities available for sale | 31,409,000 | 30,146,000 | 26,903,000 | 26,964,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 68,837,000 | 67,422,000 | 64,840,000 | 66,397,000 |
| Interest-bearing deposits | 59,849,000 | 58,691,000 | 56,569,000 | 58,007,000 |
| Noninterest-bearing deposits | 8,988,000 | 8,731,000 | 8,271,000 | 8,390,000 |
| Equity capital | 8,261,000 | 8,572,000 | 8,492,000 | 8,122,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Interest income | 1,080,000 | 2,167,000 | 3,203,000 | 4,215,000 |
| Interest expense | 366,000 | 702,000 | 1,009,000 | 1,302,000 |
| Net interest income | 714,000 | 1,465,000 | 2,194,000 | 2,913,000 |
| Noninterest income | 72,000 | 154,000 | 232,000 | 292,000 |
| Noninterest expense | 499,000 | 976,000 | 1,486,000 | 2,066,000 |
| Provision for loan losses | 12,000 | 87,000 | 108,000 | 125,000 |
| Pretax income | 275,000 | 638,000 | 914,000 | 1,096,000 |
| Income tax | 79,000 | 196,000 | 273,000 | 316,000 |
| Net income | 196,000 | 442,000 | 641,000 | 780,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 7,754,000 | 8,000,000 | 8,199,000 | 7,838,000 |
| Total capital | 8,228,000 | 8,536,000 | 8,731,000 | 8,251,000 |
| Risk-weighted assets | 42,610,000 | 43,190,000 | 42,559,000 | 42,963,000 |
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