Call reports 2011
SOLOMON STATE BANK — 2011
What SOLOMON STATE BANK reported to the FFIEC in 2011, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Total assets | 183,531,000 | 183,981,000 | 187,565,000 | 184,989,000 |
| Total loans | 160,001,000 | 161,156,000 | 161,594,000 | 164,147,000 |
| Allowance for loan losses | 2,438,000 | 2,677,000 | 2,706,000 | 3,165,000 |
| Securities available for sale | 8,214,000 | 8,229,000 | 8,481,000 | 8,481,000 |
| Securities held to maturity | 346,000 | 346,000 | 329,000 | 329,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 141,122,000 | 143,424,000 | 150,778,000 | 149,764,000 |
| Interest-bearing deposits | 131,868,000 | 135,025,000 | 141,451,000 | 142,118,000 |
| Noninterest-bearing deposits | 9,254,000 | 8,399,000 | 9,327,000 | 7,646,000 |
| Equity capital | 21,180,000 | 21,791,000 | 22,442,000 | 22,923,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Interest income | 2,602,000 | 5,270,000 | 7,901,000 | 10,504,000 |
| Interest expense | 704,000 | 1,389,000 | 2,055,000 | 2,648,000 |
| Net interest income | 1,898,000 | 3,881,000 | 5,846,000 | 7,856,000 |
| Noninterest income | 52,000 | 101,000 | 152,000 | 195,000 |
| Noninterest expense | 686,000 | 1,321,000 | 1,922,000 | 2,640,000 |
| Provision for loan losses | 300,000 | 750,000 | 1,150,000 | 1,600,000 |
| Pretax income | 964,000 | 1,911,000 | 2,926,000 | 3,811,000 |
| Income tax | 364,000 | 703,000 | 1,065,000 | 1,369,000 |
| Net income | 600,000 | 1,208,000 | 1,861,000 | 2,442,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Tier 1 capital | 21,180,000 | 21,789,000 | 22,441,000 | 22,923,000 |
| Total capital | 22,632,000 | 23,234,000 | 23,887,000 | 24,381,000 |
| Risk-weighted assets | 115,206,000 | 114,395,000 | 114,439,000 | 114,960,000 |