Call reports 2007
SOLOMON STATE BANK — 2007
What SOLOMON STATE BANK reported to the FFIEC in 2007, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Total assets | 138,707,000 | 139,960,000 | 143,981,000 | 145,426,000 |
| Total loans | 118,387,000 | 122,034,000 | 124,917,000 | 124,502,000 |
| Allowance for loan losses | 503,000 | 354,000 | 396,000 | 996,000 |
| Securities available for sale | 12,188,000 | 12,189,000 | 12,228,000 | 12,260,000 |
| Securities held to maturity | 395,000 | 395,000 | 383,000 | 1,032,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 121,704,000 | 122,412,000 | 124,786,000 | 126,357,000 |
| Interest-bearing deposits | 114,921,000 | 114,780,000 | 118,315,000 | 118,500,000 |
| Noninterest-bearing deposits | 6,783,000 | 7,632,000 | 6,471,000 | 7,857,000 |
| Equity capital | 16,132,000 | 16,639,000 | 17,086,000 | 16,433,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Interest income | 2,389,000 | 4,829,000 | 7,375,000 | 9,981,000 |
| Interest expense | 1,178,000 | 2,397,000 | 3,699,000 | 5,043,000 |
| Net interest income | 1,211,000 | 2,432,000 | 3,676,000 | 4,938,000 |
| Noninterest income | 58,000 | 104,000 | 216,000 | 272,000 |
| Noninterest expense | 533,000 | 1,020,000 | 1,566,000 | 2,116,000 |
| Provision for loan losses | 0 | 0 | 82,000 | 837,000 |
| Pretax income | 736,000 | 1,516,000 | 2,244,000 | 2,257,000 |
| Income tax | 256,000 | 525,000 | 824,000 | 1,107,000 |
| Net income | 480,000 | 991,000 | 1,420,000 | 1,150,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Tier 1 capital | 16,137,000 | 16,649,000 | 17,078,000 | 16,417,000 |
| Total capital | 16,640,000 | 17,003,000 | 17,474,000 | 17,413,000 |
| Risk-weighted assets | 88,583,000 | 89,998,000 | 93,372,000 | 93,093,000 |