Call reports 2010
SOLUTIONS NORTH BANK — 2010
What SOLUTIONS NORTH BANK reported to the FFIEC in 2010, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Total assets | 60,243,000 | 56,719,000 | 56,850,000 | 59,942,000 |
| Total loans | 35,770,000 | 34,718,000 | 31,577,000 | 32,210,000 |
| Allowance for loan losses | 606,000 | 591,000 | 587,000 | 584,000 |
| Securities available for sale | 13,817,000 | 13,621,000 | 13,592,000 | 15,208,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 54,416,000 | 50,930,000 | 51,091,000 | 54,267,000 |
| Interest-bearing deposits | 42,653,000 | 43,237,000 | 44,182,000 | 47,168,000 |
| Noninterest-bearing deposits | 11,763,000 | 7,693,000 | 6,909,000 | 7,099,000 |
| Equity capital | 5,717,000 | 5,686,000 | 5,649,000 | 5,585,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Interest income | 593,000 | 1,173,000 | 1,723,000 | 2,266,000 |
| Interest expense | 68,000 | 130,000 | 192,000 | 247,000 |
| Net interest income | 525,000 | 1,043,000 | 1,531,000 | 2,019,000 |
| Noninterest income | 20,000 | 42,000 | 40,000 | 59,000 |
| Noninterest expense | 281,000 | 568,000 | 903,000 | 1,232,000 |
| Provision for loan losses | 15,000 | 35,000 | 85,000 | 135,000 |
| Pretax income | 249,000 | 482,000 | 583,000 | 711,000 |
| Income tax | 8,000 | 17,000 | 25,000 | 32,000 |
| Net income | 241,000 | 465,000 | 558,000 | 679,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Tier 1 capital | 5,643,000 | 5,572,000 | 5,525,000 | 5,521,000 |
| Total capital | 6,106,000 | 6,029,000 | 5,961,000 | 5,970,000 |
| Risk-weighted assets | 36,963,000 | 36,412,000 | 34,769,000 | 35,801,000 |