Call reports 2002
SOLOMON STATE BANK — 2002
What SOLOMON STATE BANK reported to the FFIEC in 2002, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Total assets | 91,137,000 | 95,756,000 | 100,460,000 | 108,337,000 |
| Total loans | 74,184,000 | 77,032,000 | 81,028,000 | 84,997,000 |
| Allowance for loan losses | 710,000 | 724,000 | 739,000 | 809,000 |
| Securities available for sale | 12,040,000 | 11,041,000 | 12,204,000 | 14,669,000 |
| Securities held to maturity | 71,000 | 71,000 | 61,000 | 61,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 81,267,000 | 85,945,000 | 90,221,000 | 98,088,000 |
| Interest-bearing deposits | 76,594,000 | 81,202,000 | 85,356,000 | 94,019,000 |
| Noninterest-bearing deposits | 4,673,000 | 4,743,000 | 4,865,000 | 4,069,000 |
| Equity capital | 8,897,000 | 9,246,000 | 9,538,000 | 9,698,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Interest income | 1,616,000 | 3,245,000 | 4,926,000 | 6,649,000 |
| Interest expense | 853,000 | 1,654,000 | 2,482,000 | 3,303,000 |
| Net interest income | 763,000 | 1,591,000 | 2,444,000 | 3,346,000 |
| Noninterest income | 54,000 | 96,000 | 151,000 | 212,000 |
| Noninterest expense | 366,000 | 705,000 | 1,083,000 | 1,508,000 |
| Provision for loan losses | 25,000 | 40,000 | 96,000 | 161,000 |
| Pretax income | 426,000 | 942,000 | 1,416,000 | 1,889,000 |
| Income tax | 149,000 | 340,000 | 518,000 | 691,000 |
| Net income | 277,000 | 602,000 | 898,000 | 1,198,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Tier 1 capital | 8,890,000 | 9,215,000 | 9,511,000 | 9,676,000 |
| Total capital | 9,600,000 | 9,939,000 | 10,250,000 | 10,485,000 |
| Risk-weighted assets | 57,610,000 | 59,328,000 | 62,101,000 | 66,215,000 |