Call reports 2009
SOLOMON STATE BANK — 2009
What SOLOMON STATE BANK reported to the FFIEC in 2009, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Total assets | 159,356,000 | 160,806,000 | 160,817,000 | 169,036,000 |
| Total loans | 137,308,000 | 138,709,000 | 140,144,000 | 149,197,000 |
| Allowance for loan losses | 1,304,000 | 1,245,000 | 1,382,000 | 1,454,000 |
| Securities available for sale | 8,803,000 | 8,255,000 | 8,270,000 | 8,297,000 |
| Securities held to maturity | 371,000 | 371,000 | 359,000 | 359,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 127,570,000 | 128,676,000 | 128,133,000 | 127,292,000 |
| Interest-bearing deposits | 120,160,000 | 121,781,000 | 120,979,000 | 119,321,000 |
| Noninterest-bearing deposits | 7,410,000 | 6,895,000 | 7,154,000 | 7,970,000 |
| Equity capital | 18,550,000 | 19,075,000 | 19,592,000 | 19,415,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Interest income | 2,568,000 | 5,189,000 | 7,768,000 | 10,401,000 |
| Interest expense | 1,160,000 | 2,294,000 | 3,388,000 | 4,411,000 |
| Net interest income | 1,408,000 | 2,895,000 | 4,380,000 | 5,990,000 |
| Noninterest income | 61,000 | 115,000 | 173,000 | 258,000 |
| Noninterest expense | 530,000 | 1,136,000 | 1,702,000 | 2,495,000 |
| Provision for loan losses | 55,000 | 100,000 | 290,000 | 434,000 |
| Pretax income | 884,000 | 1,774,000 | 2,561,000 | 3,319,000 |
| Income tax | 314,000 | 666,000 | 921,000 | 1,232,000 |
| Net income | 570,000 | 1,108,000 | 1,640,000 | 2,087,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Tier 1 capital | 18,514,000 | 19,051,000 | 19,583,000 | 19,415,000 |
| Total capital | 19,789,000 | 20,296,000 | 20,865,000 | 20,784,000 |
| Risk-weighted assets | 101,938,000 | 102,554,000 | 102,533,000 | 109,438,000 |