Call reports 2021
SALEM CO-OPERATIVE BANK — 2021
What SALEM CO-OPERATIVE BANK reported to the FFIEC in 2021, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Total assets | 484,678,000 | 478,004,000 | 481,063,000 | 445,217,000 |
| Total loans | 328,791,000 | 336,197,000 | 344,941,000 | 348,926,000 |
| Allowance for loan losses | 3,070,000 | 3,070,000 | 3,070,000 | 3,070,000 |
| Securities available for sale | 65,074,000 | 59,351,000 | 55,033,000 | 59,296,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 358,281,000 | 350,561,000 | 363,705,000 | 353,520,000 |
| Interest-bearing deposits | 293,221,000 | 293,233,000 | 309,533,000 | 301,576,000 |
| Noninterest-bearing deposits | 65,060,000 | 57,328,000 | 54,172,000 | 51,944,000 |
| Equity capital | 70,402,000 | 71,433,000 | 71,685,000 | 71,086,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Interest income | 3,553,000 | 7,300,000 | 10,877,000 | 14,279,000 |
| Interest expense | 810,000 | 1,481,000 | 2,142,000 | 2,642,000 |
| Net interest income | 2,743,000 | 5,819,000 | 8,735,000 | 11,637,000 |
| Noninterest income | 202,000 | 417,000 | 627,000 | 925,000 |
| Noninterest expense | 2,635,000 | 5,112,000 | 7,980,000 | 10,998,000 |
| Provision for loan losses | -50,000 | -50,000 | -50,000 | -50,000 |
| Pretax income | 360,000 | 1,174,000 | 1,432,000 | 1,614,000 |
| Income tax | 54,000 | 184,000 | 245,000 | 251,000 |
| Net income | 306,000 | 990,000 | 1,187,000 | 1,363,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Tier 1 capital | 69,821,000 | 70,505,000 | 70,702,000 | 70,878,000 |
| Total capital | 72,891,000 | 73,575,000 | 73,772,000 | 73,948,000 |
| Risk-weighted assets | 273,059,000 | 251,796,000 | 265,877,000 | 275,545,000 |