Call reports 2008
BANK OF SALEM — 2008
What BANK OF SALEM reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 81,546,000 | 79,955,000 | 75,422,000 | 77,491,000 |
| Total loans | 46,710,000 | 46,305,000 | 45,624,000 | 45,315,000 |
| Allowance for loan losses | 463,000 | 464,000 | 455,000 | 462,000 |
| Securities available for sale | 19,480,000 | 20,671,000 | 21,053,000 | 23,850,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 70,446,000 | 69,040,000 | 64,226,000 | 66,337,000 |
| Interest-bearing deposits | 59,190,000 | 58,109,000 | 52,855,000 | 55,476,000 |
| Noninterest-bearing deposits | 11,256,000 | 10,931,000 | 11,371,000 | 10,861,000 |
| Equity capital | 8,443,000 | 8,422,000 | 8,663,000 | 8,510,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 1,140,000 | 2,221,000 | 3,254,000 | 4,277,000 |
| Interest expense | 488,000 | 867,000 | 1,214,000 | 1,536,000 |
| Net interest income | 652,000 | 1,354,000 | 2,040,000 | 2,741,000 |
| Noninterest income | 69,000 | 170,000 | 270,000 | 355,000 |
| Noninterest expense | 548,000 | 1,085,000 | 1,618,000 | 2,241,000 |
| Provision for loan losses | 4,000 | 4,000 | 10,000 | 25,000 |
| Pretax income | 169,000 | 435,000 | 682,000 | 830,000 |
| Income tax | 40,000 | 117,000 | 184,000 | 215,000 |
| Net income | 129,000 | 318,000 | 498,000 | 615,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 8,319,000 | 8,508,000 | 8,688,000 | 8,355,000 |
| Total capital | 8,782,000 | 8,972,000 | 9,143,000 | 8,817,000 |
| Risk-weighted assets | 43,967,000 | 43,478,000 | 42,179,000 | 42,549,000 |
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