Call reports 2020
BANK OF SALEM — 2020
What BANK OF SALEM reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 102,573,000 | 118,207,000 | 116,613,000 | 122,244,000 |
| Total loans | 58,177,000 | 62,697,000 | 63,928,000 | 63,670,000 |
| Allowance for loan losses | 458,000 | 484,000 | 489,000 | 494,000 |
| Securities available for sale | 28,375,000 | 28,178,000 | 29,137,000 | 30,961,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 87,971,000 | 99,784,000 | 100,960,000 | 106,907,000 |
| Interest-bearing deposits | 70,662,000 | 80,125,000 | 80,939,000 | 86,668,000 |
| Noninterest-bearing deposits | 17,309,000 | 19,659,000 | 20,021,000 | 20,239,000 |
| Equity capital | 10,256,000 | 10,903,000 | 11,149,000 | 10,913,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 959,000 | 1,952,000 | 2,863,000 | 3,757,000 |
| Interest expense | 152,000 | 248,000 | 346,000 | 437,000 |
| Net interest income | 807,000 | 1,704,000 | 2,517,000 | 3,320,000 |
| Noninterest income | 111,000 | 223,000 | 411,000 | 513,000 |
| Noninterest expense | 642,000 | 1,295,000 | 1,960,000 | 2,706,000 |
| Provision for loan losses | 8,000 | 18,000 | 27,000 | 36,000 |
| Pretax income | 268,000 | 614,000 | 941,000 | 1,093,000 |
| Income tax | 47,000 | 121,000 | 187,000 | 153,000 |
| Net income | 221,000 | 493,000 | 754,000 | 940,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 10,215,000 | 10,487,000 | 10,749,000 | 10,534,000 |