Call reports 2001
SOLOMON STATE BANK — 2001
What SOLOMON STATE BANK reported to the FFIEC in 2001, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2001Q1 | 2001Q2 | 2001Q3 | 2001Q4 |
|---|---|---|---|---|
| Total assets | 85,066,000 | 87,302,000 | 87,865,000 | 92,662,000 |
| Total loans | 66,825,000 | 70,616,000 | 71,298,000 | 72,238,000 |
| Allowance for loan losses | 707,000 | 693,000 | 683,000 | 682,000 |
| Securities available for sale | 12,596,000 | 11,488,000 | 11,051,000 | 11,002,000 |
| Securities held to maturity | 55,000 | 55,000 | 30,000 | 71,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 76,317,000 | 78,423,000 | 78,604,000 | 83,429,000 |
| Interest-bearing deposits | 72,209,000 | 74,092,000 | 74,397,000 | 78,870,000 |
| Noninterest-bearing deposits | 4,108,000 | 4,331,000 | 4,207,000 | 4,559,000 |
| Equity capital | 8,046,000 | 8,291,000 | 8,569,000 | 8,661,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2001Q1 | 2001Q2 | 2001Q3 | 2001Q4 |
|---|---|---|---|---|
| Interest income | 1,717,000 | 3,448,000 | 5,184,000 | 6,873,000 |
| Interest expense | 1,036,000 | 2,055,000 | 3,046,000 | 3,970,000 |
| Net interest income | 681,000 | 1,393,000 | 2,138,000 | 2,903,000 |
| Noninterest income | 47,000 | 102,000 | 150,000 | 195,000 |
| Noninterest expense | 343,000 | 707,000 | 1,062,000 | 1,449,000 |
| Provision for loan losses | 75,000 | 90,000 | 105,000 | 120,000 |
| Pretax income | 310,000 | 698,000 | 1,121,000 | 1,529,000 |
| Income tax | 110,000 | 253,000 | 408,000 | 560,000 |
| Net income | 200,000 | 445,000 | 713,000 | 969,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2001Q1 | 2001Q2 | 2001Q3 | 2001Q4 |
|---|---|---|---|---|
| Tier 1 capital | 7,994,000 | 8,239,000 | 8,508,000 | 8,614,000 |
| Total capital | 8,651,000 | 8,928,000 | 9,191,000 | 9,296,000 |
| Risk-weighted assets | 52,539,000 | 55,040,000 | 56,662,000 | 57,420,000 |