Call reports 2009
SOLUTIONS NORTH BANK — 2009
What SOLUTIONS NORTH BANK reported to the FFIEC in 2009, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Total assets | 55,768,000 | 58,667,000 | 57,147,000 | 59,911,000 |
| Total loans | 41,367,000 | 40,682,000 | 37,390,000 | 37,036,000 |
| Allowance for loan losses | 584,000 | 524,000 | 599,000 | 639,000 |
| Securities available for sale | 8,579,000 | 9,159,000 | 12,104,000 | 11,840,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 49,998,000 | 52,947,000 | 51,446,000 | 54,290,000 |
| Interest-bearing deposits | 43,431,000 | 44,007,000 | 44,350,000 | 46,816,000 |
| Noninterest-bearing deposits | 6,567,000 | 8,940,000 | 7,096,000 | 7,474,000 |
| Equity capital | 5,570,000 | 5,546,000 | 5,540,000 | 5,499,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Interest income | 743,000 | 1,421,000 | 2,065,000 | 2,666,000 |
| Interest expense | 128,000 | 234,000 | 323,000 | 400,000 |
| Net interest income | 615,000 | 1,187,000 | 1,742,000 | 2,266,000 |
| Noninterest income | 23,000 | 37,000 | 58,000 | 75,000 |
| Noninterest expense | 263,000 | 543,000 | 880,000 | 1,199,000 |
| Provision for loan losses | 55,000 | 130,000 | 205,000 | 280,000 |
| Pretax income | 320,000 | 551,000 | 715,000 | 862,000 |
| Income tax | 13,000 | 22,000 | 30,000 | 40,000 |
| Net income | 307,000 | 529,000 | 685,000 | 822,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Tier 1 capital | 5,484,000 | 5,435,000 | 5,420,000 | 5,397,000 |
| Total capital | 6,003,000 | 5,959,000 | 5,909,000 | 5,893,000 |
| Risk-weighted assets | 43,654,000 | 43,115,000 | 40,001,000 | 40,333,000 |