Call reports 2021
SOLOMON STATE BANK — 2021
What SOLOMON STATE BANK reported to the FFIEC in 2021, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Total assets | 205,879,000 | 197,906,000 | 195,925,000 | 195,206,000 |
| Total loans | 145,451,000 | 141,882,000 | 139,436,000 | 136,638,000 |
| Allowance for loan losses | 4,026,000 | 4,138,000 | 4,261,000 | 4,275,000 |
| Securities available for sale | 16,236,000 | 19,112,000 | 17,111,000 | 18,522,000 |
| Securities held to maturity | 142,000 | 142,000 | 116,000 | 116,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 169,324,000 | 162,828,000 | 161,500,000 | 160,199,000 |
| Interest-bearing deposits | 151,628,000 | 149,540,000 | 145,644,000 | 145,323,000 |
| Noninterest-bearing deposits | 17,696,000 | 13,288,000 | 15,856,000 | 14,876,000 |
| Equity capital | 31,245,000 | 31,214,000 | 31,489,000 | 32,360,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Interest income | 1,985,000 | 3,949,000 | 5,892,000 | 7,772,000 |
| Interest expense | 398,000 | 772,000 | 1,101,000 | 1,370,000 |
| Net interest income | 1,587,000 | 3,177,000 | 4,791,000 | 6,402,000 |
| Noninterest income | 41,000 | 67,000 | 93,000 | 116,000 |
| Noninterest expense | 690,000 | 1,434,000 | 2,104,000 | 2,727,000 |
| Provision for loan losses | 175,000 | 300,000 | 400,000 | 400,000 |
| Pretax income | 763,000 | 1,510,000 | 2,380,000 | 3,391,000 |
| Income tax | 31,000 | 91,000 | 129,000 | 174,000 |
| Net income | 732,000 | 1,419,000 | 2,251,000 | 3,217,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Tier 1 capital | 30,949,000 | 30,986,000 | 31,318,000 | 32,283,000 |