Call reports 2020
SOLOMON STATE BANK — 2020
What SOLOMON STATE BANK reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 201,497,000 | 200,912,000 | 201,531,000 | 202,540,000 |
| Total loans | 152,803,000 | 149,731,000 | 148,320,000 | 144,758,000 |
| Allowance for loan losses | 3,621,000 | 3,298,000 | 3,498,000 | 3,840,000 |
| Securities available for sale | 12,492,000 | 12,457,000 | 14,453,000 | 15,404,000 |
| Securities held to maturity | 167,000 | 167,000 | 142,000 | 142,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 158,777,000 | 160,882,000 | 162,006,000 | 164,728,000 |
| Interest-bearing deposits | 150,153,000 | 149,777,000 | 148,990,000 | 150,568,000 |
| Noninterest-bearing deposits | 8,625,000 | 11,105,000 | 13,016,000 | 14,160,000 |
| Equity capital | 35,375,000 | 33,618,000 | 34,015,000 | 32,599,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 2,257,000 | 4,412,000 | 6,543,000 | 8,619,000 |
| Interest expense | 672,000 | 1,269,000 | 1,806,000 | 2,266,000 |
| Net interest income | 1,585,000 | 3,143,000 | 4,737,000 | 6,353,000 |
| Noninterest income | 39,000 | 176,000 | 339,000 | 410,000 |
| Noninterest expense | 810,000 | 1,540,000 | 2,374,000 | 3,004,000 |
| Provision for loan losses | 100,000 | 250,000 | 350,000 | 700,000 |
| Pretax income | 714,000 | 1,529,000 | 2,352,000 | 3,059,000 |
| Income tax | -18,000 | 19,000 | 54,000 | 98,000 |
| Net income | 732,000 | 1,510,000 | 2,298,000 | 2,961,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 34,908,000 | 33,086,000 | 33,553,000 | 32,217,000 |