Call reports 2014
SALEM CO-OPERATIVE BANK — 2014
What SALEM CO-OPERATIVE BANK reported to the FFIEC in 2014, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Total assets | 395,124,000 | 394,266,000 | 398,156,000 | 401,185,000 |
| Total loans | 261,043,000 | 261,452,000 | 263,577,000 | 266,704,000 |
| Allowance for loan losses | 2,075,000 | 2,139,000 | 2,185,000 | 2,193,000 |
| Securities available for sale | 102,439,000 | 102,507,000 | 100,222,000 | 98,916,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 265,988,000 | 264,748,000 | 261,969,000 | 260,798,000 |
| Interest-bearing deposits | 222,303,000 | 219,764,000 | 217,563,000 | 216,938,000 |
| Noninterest-bearing deposits | 43,685,000 | 44,984,000 | 44,406,000 | 43,860,000 |
| Equity capital | 59,347,000 | 60,386,000 | 60,950,000 | 61,708,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Interest income | 3,528,000 | 7,051,000 | 10,538,000 | 14,038,000 |
| Interest expense | 871,000 | 1,698,000 | 2,492,000 | 3,376,000 |
| Net interest income | 2,657,000 | 5,353,000 | 8,046,000 | 10,662,000 |
| Noninterest income | 137,000 | 279,000 | 440,000 | 599,000 |
| Noninterest expense | 3,433,000 | 5,531,000 | 7,900,000 | 10,108,000 |
| Provision for loan losses | 81,000 | 146,000 | 192,000 | 246,000 |
| Pretax income | -720,000 | -45,000 | 394,000 | 907,000 |
| Income tax | -420,000 | -183,000 | -86,000 | -25,000 |
| Net income | -300,000 | 138,000 | 480,000 | 932,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Tier 1 capital | 60,110,000 | 60,550,000 | 60,891,000 | 61,343,000 |
| Total capital | 62,185,000 | 62,689,000 | 63,076,000 | 63,536,000 |
| Risk-weighted assets | 203,217,000 | 203,723,000 | 203,813,000 | 205,413,000 |