Call reports 2022
SOLOMON STATE BANK — 2022
What SOLOMON STATE BANK reported to the FFIEC in 2022, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Total assets | 197,282,000 | 184,842,000 | 182,249,000 | 178,446,000 |
| Total loans | 135,601,000 | 139,324,000 | 144,362,000 | 145,854,000 |
| Allowance for loan losses | 4,242,000 | 4,260,000 | 4,276,000 | 4,889,000 |
| Securities available for sale | 27,523,000 | 29,267,000 | 28,106,000 | 26,218,000 |
| Securities held to maturity | 116,000 | 116,000 | 89,000 | 89,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 163,281,000 | 152,266,000 | 143,269,000 | 144,147,000 |
| Interest-bearing deposits | 147,553,000 | 136,276,000 | 130,342,000 | 130,543,000 |
| Noninterest-bearing deposits | 15,727,000 | 15,990,000 | 12,927,000 | 13,604,000 |
| Equity capital | 31,272,000 | 30,855,000 | 31,113,000 | 31,588,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Interest income | 1,792,000 | 3,681,000 | 5,664,000 | 7,726,000 |
| Interest expense | 233,000 | 446,000 | 717,000 | 1,091,000 |
| Net interest income | 1,559,000 | 3,235,000 | 4,947,000 | 6,635,000 |
| Noninterest income | 30,000 | 53,000 | 76,000 | 100,000 |
| Noninterest expense | 680,000 | 1,485,000 | 2,221,000 | 2,947,000 |
| Provision for loan losses | 0 | 0 | 0 | 600,000 |
| Pretax income | 909,000 | 1,803,000 | 2,802,000 | 3,188,000 |
| Income tax | -4,000 | 35,000 | 78,000 | 100,000 |
| Net income | 913,000 | 1,768,000 | 2,724,000 | 3,088,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Tier 1 capital | 31,597,000 | 31,451,000 | 31,908,000 | 32,272,000 |