Call reports 2007
SOLUTIONS NORTH BANK — 2007
What SOLUTIONS NORTH BANK reported to the FFIEC in 2007, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Total assets | 50,742,000 | 50,840,000 | 57,280,000 | 57,228,000 |
| Total loans | 36,128,000 | 38,563,000 | 38,241,000 | 36,626,000 |
| Allowance for loan losses | 363,000 | 371,000 | 379,000 | 389,000 |
| Securities available for sale | 10,019,000 | 5,844,000 | 5,121,000 | 7,594,000 |
| Securities held to maturity | 21,000 | 11,000 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 45,312,000 | 45,524,000 | 51,803,000 | 51,836,000 |
| Interest-bearing deposits | 40,916,000 | 39,397,000 | 46,911,000 | 46,600,000 |
| Noninterest-bearing deposits | 4,396,000 | 6,127,000 | 4,892,000 | 5,236,000 |
| Equity capital | 5,009,000 | 4,930,000 | 5,048,000 | 4,992,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Interest income | 879,000 | 1,784,000 | 2,745,000 | 3,703,000 |
| Interest expense | 338,000 | 681,000 | 1,044,000 | 1,386,000 |
| Net interest income | 541,000 | 1,103,000 | 1,701,000 | 2,317,000 |
| Noninterest income | 22,000 | 41,000 | 56,000 | 74,000 |
| Noninterest expense | 242,000 | 484,000 | 767,000 | 1,051,000 |
| Provision for loan losses | 9,000 | 18,000 | 27,000 | 36,000 |
| Pretax income | 312,000 | 642,000 | 963,000 | 1,304,000 |
| Income tax | 10,000 | 25,000 | 41,000 | 60,000 |
| Net income | 302,000 | 617,000 | 922,000 | 1,244,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Tier 1 capital | 4,925,000 | 4,849,000 | 4,959,000 | 4,907,000 |
| Total capital | 5,288,000 | 5,220,000 | 5,338,000 | 5,296,000 |
| Risk-weighted assets | 42,025,000 | 44,717,000 | 47,560,000 | 43,998,000 |