Call reports 2006
SOLOMON STATE BANK — 2006
What SOLOMON STATE BANK reported to the FFIEC in 2006, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Total assets | 131,390,000 | 132,502,000 | 135,011,000 | 137,958,000 |
| Total loans | 106,906,000 | 107,668,000 | 111,262,000 | 116,972,000 |
| Allowance for loan losses | 536,000 | 566,000 | 574,000 | 558,000 |
| Securities available for sale | 13,590,000 | 14,129,000 | 13,632,000 | 12,657,000 |
| Securities held to maturity | 400,000 | 400,000 | 395,000 | 395,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 116,202,000 | 116,986,000 | 117,345,000 | 120,923,000 |
| Interest-bearing deposits | 109,420,000 | 108,758,000 | 109,128,000 | 113,661,000 |
| Noninterest-bearing deposits | 6,782,000 | 8,228,000 | 8,217,000 | 7,262,000 |
| Equity capital | 14,449,000 | 14,912,000 | 15,425,000 | 15,651,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Interest income | 2,046,000 | 4,161,000 | 6,393,000 | 8,740,000 |
| Interest expense | 923,000 | 1,907,000 | 2,954,000 | 4,072,000 |
| Net interest income | 1,123,000 | 2,254,000 | 3,439,000 | 4,668,000 |
| Noninterest income | 55,000 | 106,000 | 157,000 | 207,000 |
| Noninterest expense | 529,000 | 972,000 | 1,441,000 | 1,929,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 649,000 | 1,388,000 | 2,155,000 | 2,946,000 |
| Income tax | 233,000 | 505,000 | 785,000 | 1,076,000 |
| Net income | 416,000 | 883,000 | 1,370,000 | 1,870,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Tier 1 capital | 14,478,000 | 14,945,000 | 15,433,000 | 15,657,000 |
| Total capital | 15,014,000 | 15,511,000 | 16,007,000 | 16,215,000 |
| Risk-weighted assets | 80,925,000 | 81,202,000 | 84,548,000 | 87,562,000 |