Call reports 2015
SOLOMON STATE BANK — 2015
What SOLOMON STATE BANK reported to the FFIEC in 2015, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Total assets | 209,736,000 | 207,540,000 | 203,666,000 | 199,647,000 |
| Total loans | 178,434,000 | 174,503,000 | 175,220,000 | 171,667,000 |
| Allowance for loan losses | 4,669,000 | 4,951,000 | 5,065,000 | 5,303,000 |
| Securities available for sale | 8,443,000 | 9,457,000 | 9,470,000 | 9,444,000 |
| Securities held to maturity | 275,000 | 275,000 | 256,000 | 256,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 156,851,000 | 160,553,000 | 161,727,000 | 162,298,000 |
| Interest-bearing deposits | 147,773,000 | 150,562,000 | 152,581,000 | 152,317,000 |
| Noninterest-bearing deposits | 9,078,000 | 9,991,000 | 9,146,000 | 9,981,000 |
| Equity capital | 27,471,000 | 28,079,000 | 28,834,000 | 27,935,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Interest income | 2,343,000 | 4,737,000 | 7,109,000 | 9,435,000 |
| Interest expense | 316,000 | 668,000 | 1,069,000 | 1,486,000 |
| Net interest income | 2,027,000 | 4,069,000 | 6,040,000 | 7,949,000 |
| Noninterest income | 76,000 | 155,000 | 279,000 | 420,000 |
| Noninterest expense | 778,000 | 1,574,000 | 2,330,000 | 3,112,000 |
| Provision for loan losses | 0 | 320,000 | 470,000 | 870,000 |
| Pretax income | 1,325,000 | 2,330,000 | 3,519,000 | 4,387,000 |
| Income tax | 438,000 | 835,000 | 1,272,000 | 1,681,000 |
| Net income | 887,000 | 1,495,000 | 2,247,000 | 2,706,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Tier 1 capital | 27,473,000 | 28,081,000 | 28,834,000 | 27,942,000 |
| Total capital | 29,212,000 | 29,786,000 | 30,516,000 | 29,541,000 |
| Risk-weighted assets | 136,175,000 | 133,165,000 | 131,177,000 | 124,252,000 |