Call reports 2004
SOLOMON STATE BANK — 2004
What SOLOMON STATE BANK reported to the FFIEC in 2004, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Total assets | 116,307,000 | 118,803,000 | 122,734,000 | 124,529,000 |
| Total loans | 94,061,000 | 96,817,000 | 99,501,000 | 100,887,000 |
| Allowance for loan losses | 818,000 | 793,000 | 752,000 | 726,000 |
| Securities available for sale | 14,595,000 | 13,621,000 | 13,246,000 | 13,132,000 |
| Securities held to maturity | 60,000 | 60,000 | 60,000 | 30,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 104,204,000 | 106,515,000 | 109,904,000 | 111,658,000 |
| Interest-bearing deposits | 98,953,000 | 100,751,000 | 104,378,000 | 106,265,000 |
| Noninterest-bearing deposits | 5,251,000 | 5,764,000 | 5,526,000 | 5,393,000 |
| Equity capital | 11,449,000 | 11,844,000 | 12,285,000 | 12,485,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Interest income | 1,685,000 | 3,372,000 | 5,122,000 | 6,930,000 |
| Interest expense | 649,000 | 1,284,000 | 1,966,000 | 2,674,000 |
| Net interest income | 1,036,000 | 2,088,000 | 3,156,000 | 4,256,000 |
| Noninterest income | 61,000 | 116,000 | 187,000 | 262,000 |
| Noninterest expense | 427,000 | 862,000 | 1,312,000 | 1,808,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 670,000 | 1,342,000 | 2,031,000 | 2,710,000 |
| Income tax | 243,000 | 492,000 | 748,000 | 996,000 |
| Net income | 427,000 | 850,000 | 1,283,000 | 1,714,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Tier 1 capital | 11,437,000 | 11,859,000 | 12,293,000 | 12,499,000 |
| Total capital | 12,255,000 | 12,652,000 | 13,045,000 | 13,225,000 |
| Risk-weighted assets | 71,652,000 | 73,722,000 | 76,460,000 | 77,012,000 |