Call reports 2014
SOLOMON STATE BANK — 2014
What SOLOMON STATE BANK reported to the FFIEC in 2014, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Total assets | 214,435,000 | 203,400,000 | 202,597,000 | 202,109,000 |
| Total loans | 173,420,000 | 172,241,000 | 172,070,000 | 172,022,000 |
| Allowance for loan losses | 4,877,000 | 4,994,000 | 5,095,000 | 4,888,000 |
| Securities available for sale | 8,506,000 | 8,513,000 | 8,491,000 | 8,464,000 |
| Securities held to maturity | 1,294,000 | 294,000 | 275,000 | 275,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 182,671,000 | 168,993,000 | 163,148,000 | 157,417,000 |
| Interest-bearing deposits | 173,404,000 | 157,930,000 | 152,690,000 | 147,461,000 |
| Noninterest-bearing deposits | 9,267,000 | 11,063,000 | 10,458,000 | 9,956,000 |
| Equity capital | 25,158,000 | 25,899,000 | 26,604,000 | 26,585,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Interest income | 2,372,000 | 4,761,000 | 7,130,000 | 9,472,000 |
| Interest expense | 408,000 | 775,000 | 1,117,000 | 1,439,000 |
| Net interest income | 1,964,000 | 3,986,000 | 6,013,000 | 8,033,000 |
| Noninterest income | 83,000 | 200,000 | 309,000 | 367,000 |
| Noninterest expense | 845,000 | 1,538,000 | 2,226,000 | 3,064,000 |
| Provision for loan losses | 200,000 | 500,000 | 800,000 | 800,000 |
| Pretax income | 1,002,000 | 2,148,000 | 3,296,000 | 4,536,000 |
| Income tax | 353,000 | 758,000 | 1,201,000 | 1,659,000 |
| Net income | 649,000 | 1,390,000 | 2,095,000 | 2,877,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Tier 1 capital | 25,159,000 | 25,900,000 | 26,605,000 | 26,587,000 |
| Total capital | 26,749,000 | 27,469,000 | 28,190,000 | 28,168,000 |
| Risk-weighted assets | 124,028,000 | 122,167,000 | 123,326,000 | 123,182,000 |