Call reports 2013
SOLOMON STATE BANK — 2013
What SOLOMON STATE BANK reported to the FFIEC in 2013, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Total assets | 198,437,000 | 197,220,000 | 196,480,000 | 237,219,000 |
| Total loans | 172,929,000 | 172,226,000 | 170,793,000 | 169,546,000 |
| Allowance for loan losses | 4,560,000 | 4,679,000 | 4,564,000 | 4,775,000 |
| Securities available for sale | 8,453,000 | 8,453,000 | 8,448,000 | 8,441,000 |
| Securities held to maturity | 312,000 | 1,312,000 | 1,294,000 | 1,294,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 166,792,000 | 163,421,000 | 163,810,000 | 205,565,000 |
| Interest-bearing deposits | 157,754,000 | 153,106,000 | 152,873,000 | 193,721,000 |
| Noninterest-bearing deposits | 9,038,000 | 10,315,000 | 10,937,000 | 11,844,000 |
| Equity capital | 22,964,000 | 23,497,000 | 24,288,000 | 24,512,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Interest income | 2,482,000 | 4,929,000 | 7,360,000 | 9,798,000 |
| Interest expense | 465,000 | 905,000 | 1,321,000 | 1,767,000 |
| Net interest income | 2,017,000 | 4,024,000 | 6,039,000 | 8,031,000 |
| Noninterest income | 47,000 | 87,000 | 145,000 | 307,000 |
| Noninterest expense | 621,000 | 1,445,000 | 2,245,000 | 3,052,000 |
| Provision for loan losses | 300,000 | 660,000 | 660,000 | 985,000 |
| Pretax income | 1,143,000 | 2,006,000 | 3,279,000 | 4,301,000 |
| Income tax | 388,000 | 718,000 | 1,201,000 | 1,581,000 |
| Net income | 755,000 | 1,288,000 | 2,078,000 | 2,720,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Tier 1 capital | 22,965,000 | 23,498,000 | 24,288,000 | 24,511,000 |
| Total capital | 24,552,000 | 25,077,000 | 25,848,000 | 26,062,000 |
| Risk-weighted assets | 124,003,000 | 123,254,000 | 121,767,000 | 120,839,000 |