Call reports 2008
SOLOMON STATE BANK — 2008
What SOLOMON STATE BANK reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 148,817,000 | 150,242,000 | 150,945,000 | 152,614,000 |
| Total loans | 126,491,000 | 131,378,000 | 131,692,000 | 133,487,000 |
| Allowance for loan losses | 1,047,000 | 1,097,000 | 1,108,000 | 1,281,000 |
| Securities available for sale | 12,274,000 | 10,899,000 | 11,183,000 | 10,560,000 |
| Securities held to maturity | 1,032,000 | 1,032,000 | 1,020,000 | 371,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 129,143,000 | 125,756,000 | 122,267,000 | 123,680,000 |
| Interest-bearing deposits | 120,874,000 | 116,721,000 | 114,472,000 | 116,297,000 |
| Noninterest-bearing deposits | 8,269,000 | 9,035,000 | 7,795,000 | 7,383,000 |
| Equity capital | 16,962,000 | 17,659,000 | 18,121,000 | 18,012,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 2,568,000 | 5,112,000 | 7,669,000 | 10,260,000 |
| Interest expense | 1,343,000 | 2,617,000 | 3,824,000 | 5,032,000 |
| Net interest income | 1,225,000 | 2,495,000 | 3,845,000 | 5,228,000 |
| Noninterest income | 56,000 | 112,000 | 167,000 | 227,000 |
| Noninterest expense | 509,000 | 1,048,000 | 1,615,000 | 2,247,000 |
| Provision for loan losses | 75,000 | 100,000 | 175,000 | 450,000 |
| Pretax income | 697,000 | 1,459,000 | 2,222,000 | 2,758,000 |
| Income tax | 220,000 | 234,000 | 513,000 | 746,000 |
| Net income | 477,000 | 1,225,000 | 1,709,000 | 2,012,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 16,893,000 | 17,641,000 | 18,125,000 | 17,944,000 |
| Total capital | 17,940,000 | 18,738,000 | 19,233,000 | 19,173,000 |
| Risk-weighted assets | 94,117,000 | 96,495,000 | 97,574,000 | 98,291,000 |