Call reports 2021
BANK OF SALEM — 2021
What BANK OF SALEM 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 | 124,405,000 | 125,138,000 | 122,878,000 | 126,803,000 |
| Total loans | 64,229,000 | 63,650,000 | 64,288,000 | 65,404,000 |
| Allowance for loan losses | 506,000 | 517,000 | 549,000 | 552,000 |
| Securities available for sale | 35,077,000 | 39,454,000 | 37,715,000 | 37,675,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 109,738,000 | 110,211,000 | 108,183,000 | 112,555,000 |
| Interest-bearing deposits | 86,439,000 | 86,964,000 | 85,367,000 | 89,863,000 |
| Noninterest-bearing deposits | 23,299,000 | 23,247,000 | 22,816,000 | 22,692,000 |
| Equity capital | 10,743,000 | 11,101,000 | 11,395,000 | 10,933,000 |
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 | 985,000 | 1,922,000 | 2,891,000 | 3,795,000 |
| Interest expense | 84,000 | 160,000 | 234,000 | 304,000 |
| Net interest income | 901,000 | 1,762,000 | 2,657,000 | 3,491,000 |
| Noninterest income | 104,000 | 227,000 | 356,000 | 484,000 |
| Noninterest expense | 683,000 | 1,358,000 | 2,044,000 | 2,811,000 |
| Provision for loan losses | 9,000 | 18,000 | 21,000 | 21,000 |
| Pretax income | 313,000 | 613,000 | 948,000 | 1,143,000 |
| Income tax | 62,000 | 106,000 | 138,000 | 198,000 |
| Net income | 251,000 | 507,000 | 810,000 | 945,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Tier 1 capital | 10,786,000 | 11,042,000 | 11,344,000 | 11,080,000 |