Call reports 2020
SALEM CO-OPERATIVE BANK — 2020
What SALEM CO-OPERATIVE BANK reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 458,288,000 | 463,642,000 | 472,690,000 | 469,445,000 |
| Total loans | 359,641,000 | 367,517,000 | 354,859,000 | 338,174,000 |
| Allowance for loan losses | 2,964,000 | 3,059,000 | 3,125,000 | 3,120,000 |
| Securities available for sale | 66,431,000 | 61,276,000 | 61,782,000 | 53,372,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 299,950,000 | 322,397,000 | 331,269,000 | 327,616,000 |
| Interest-bearing deposits | 238,617,000 | 239,271,000 | 251,011,000 | 284,423,000 |
| Noninterest-bearing deposits | 61,333,000 | 83,126,000 | 80,258,000 | 43,193,000 |
| Equity capital | 69,393,000 | 69,480,000 | 70,115,000 | 70,664,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 4,193,000 | 8,332,000 | 12,237,000 | 16,194,000 |
| Interest expense | 1,369,000 | 2,503,000 | 3,494,000 | 4,384,000 |
| Net interest income | 2,824,000 | 5,829,000 | 8,743,000 | 11,810,000 |
| Noninterest income | 239,000 | 459,000 | 727,000 | 825,000 |
| Noninterest expense | 2,538,000 | 5,141,000 | 7,756,000 | 10,412,000 |
| Provision for loan losses | 75,000 | 170,000 | 251,000 | 246,000 |
| Pretax income | 450,000 | 977,000 | 1,463,000 | 1,977,000 |
| Income tax | 81,000 | 170,000 | 285,000 | 347,000 |
| Net income | 369,000 | 807,000 | 1,178,000 | 1,630,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 68,255,000 | 68,691,000 | 69,063,000 | 69,514,000 |
| Total capital | 71,219,000 | 71,750,000 | 72,188,000 | 72,634,000 |
| Risk-weighted assets | 270,889,000 | 271,759,000 | 261,923,000 | 252,280,000 |