Call reports 2003
SOLOMON STATE BANK — 2003
What SOLOMON STATE BANK reported to the FFIEC in 2003, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Total assets | 107,291,000 | 112,023,000 | 113,266,000 | 117,375,000 |
| Total loans | 87,822,000 | 89,691,000 | 88,626,000 | 93,334,000 |
| Allowance for loan losses | 859,000 | 875,000 | 924,000 | 822,000 |
| Securities available for sale | 11,475,000 | 11,515,000 | 14,361,000 | 14,899,000 |
| Securities held to maturity | 60,000 | 60,000 | 60,000 | 60,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 96,616,000 | 100,986,000 | 101,849,000 | 105,804,000 |
| Interest-bearing deposits | 92,237,000 | 96,523,000 | 97,189,000 | 100,569,000 |
| Noninterest-bearing deposits | 4,379,000 | 4,463,000 | 4,660,000 | 5,235,000 |
| Equity capital | 10,012,000 | 10,382,000 | 10,722,000 | 11,022,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Interest income | 1,674,000 | 3,363,000 | 5,040,000 | 6,723,000 |
| Interest expense | 776,000 | 1,533,000 | 2,262,000 | 2,954,000 |
| Net interest income | 898,000 | 1,830,000 | 2,778,000 | 3,769,000 |
| Noninterest income | 54,000 | 103,000 | 161,000 | 213,000 |
| Noninterest expense | 402,000 | 796,000 | 1,201,000 | 1,576,000 |
| Provision for loan losses | 30,000 | 50,000 | 105,000 | 105,000 |
| Pretax income | 520,000 | 1,087,000 | 1,633,000 | 2,301,000 |
| Income tax | 195,000 | 403,000 | 598,000 | 843,000 |
| Net income | 325,000 | 684,000 | 1,035,000 | 1,458,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 10,002,000 | 10,360,000 | 10,711,000 | 11,010,000 |
| Total capital | 10,840,000 | 11,213,000 | 11,557,000 | 11,832,000 |
| Risk-weighted assets | 67,045,000 | 68,227,000 | 67,611,000 | 72,086,000 |