Call reports 2004
SOLUTIONS NORTH BANK — 2004
What SOLUTIONS NORTH BANK reported to the FFIEC in 2004, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Total assets | 46,176,000 | 45,017,000 | 47,187,000 | 52,704,000 |
| Total loans | 33,600,000 | 34,101,000 | 31,661,000 | 32,090,000 |
| Allowance for loan losses | 402,000 | 410,000 | 455,000 | 336,000 |
| Securities available for sale | 6,534,000 | 6,138,000 | 8,460,000 | 12,039,000 |
| Securities held to maturity | 67,000 | 53,000 | 45,000 | 40,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 41,791,000 | 40,723,000 | 42,927,000 | 48,327,000 |
| Interest-bearing deposits | 37,816,000 | 36,840,000 | 37,473,000 | 41,974,000 |
| Noninterest-bearing deposits | 3,975,000 | 3,883,000 | 5,454,000 | 6,353,000 |
| Equity capital | 4,247,000 | 4,179,000 | 4,117,000 | 4,100,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Interest income | 537,000 | 1,074,000 | 1,603,000 | 2,176,000 |
| Interest expense | 107,000 | 210,000 | 318,000 | 442,000 |
| Net interest income | 430,000 | 864,000 | 1,285,000 | 1,734,000 |
| Noninterest income | 26,000 | 45,000 | 67,000 | 80,000 |
| Noninterest expense | 207,000 | 409,000 | 624,000 | 911,000 |
| Provision for loan losses | 8,000 | 15,000 | 73,000 | 183,000 |
| Pretax income | 241,000 | 485,000 | 655,000 | 720,000 |
| Income tax | 9,000 | 20,000 | 29,000 | 35,000 |
| Net income | 232,000 | 465,000 | 626,000 | 685,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Tier 1 capital | 4,090,000 | 4,048,000 | 3,994,000 | 4,007,000 |
| Total capital | 4,492,000 | 4,458,000 | 4,423,000 | 4,343,000 |
| Risk-weighted assets | 35,501,000 | 36,240,000 | 34,307,000 | 36,302,000 |