Call reports 2011
SOLUTIONS NORTH BANK — 2011
What SOLUTIONS NORTH BANK reported to the FFIEC in 2011, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Total assets | 56,216,000 | 56,795,000 | 56,540,000 | 62,184,000 |
| Total loans | 29,107,000 | 28,990,000 | 27,943,000 | 28,621,000 |
| Allowance for loan losses | 599,000 | 614,000 | 629,000 | 629,000 |
| Securities available for sale | 19,201,000 | 19,335,000 | 18,161,000 | 17,578,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 50,383,000 | 50,785,000 | 50,487,000 | 56,279,000 |
| Interest-bearing deposits | 44,941,000 | 45,302,000 | 43,410,000 | 47,229,000 |
| Noninterest-bearing deposits | 5,442,000 | 5,483,000 | 7,077,000 | 9,050,000 |
| Equity capital | 5,748,000 | 5,924,000 | 5,963,000 | 5,829,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Interest income | 504,000 | 997,000 | 1,473,000 | 1,951,000 |
| Interest expense | 46,000 | 86,000 | 122,000 | 153,000 |
| Net interest income | 458,000 | 911,000 | 1,351,000 | 1,798,000 |
| Noninterest income | 17,000 | 33,000 | 51,000 | 69,000 |
| Noninterest expense | 287,000 | 562,000 | 854,000 | 1,136,000 |
| Provision for loan losses | 15,000 | 30,000 | 45,000 | 50,000 |
| Pretax income | 173,000 | 352,000 | 503,000 | 681,000 |
| Income tax | 4,000 | 9,000 | 17,000 | 27,000 |
| Net income | 169,000 | 343,000 | 486,000 | 654,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Tier 1 capital | 5,694,000 | 5,754,000 | 5,772,000 | 5,669,000 |
| Total capital | 6,095,000 | 6,158,000 | 6,166,000 | 6,088,000 |
| Risk-weighted assets | 31,925,000 | 32,390,000 | 31,599,000 | 33,304,000 |