Call reports 2023
SOLOMON STATE BANK — 2023
What SOLOMON STATE BANK reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Total assets | 177,601,000 | 170,140,000 | 171,367,000 | 171,141,000 |
| Total loans | 144,456,000 | 143,828,000 | 143,103,000 | 140,932,000 |
| Allowance for loan losses | 4,924,000 | 4,960,000 | 4,982,000 | 5,002,000 |
| Securities available for sale | 25,375,000 | 19,963,000 | 20,505,000 | 22,070,000 |
| Securities held to maturity | 89,000 | 89,000 | 61,000 | 61,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 143,621,000 | 135,536,000 | 137,251,000 | 136,500,000 |
| Interest-bearing deposits | 129,209,000 | 122,974,000 | 122,873,000 | 120,629,000 |
| Noninterest-bearing deposits | 14,412,000 | 12,562,000 | 14,378,000 | 15,871,000 |
| Equity capital | 32,209,000 | 32,025,000 | 32,584,000 | 33,297,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Interest income | 2,087,000 | 4,231,000 | 6,476,000 | 8,868,000 |
| Interest expense | 419,000 | 951,000 | 1,543,000 | 2,258,000 |
| Net interest income | 1,668,000 | 3,280,000 | 4,933,000 | 6,610,000 |
| Noninterest income | 118,000 | 141,000 | 164,000 | 188,000 |
| Noninterest expense | 753,000 | 1,620,000 | 2,345,000 | 3,028,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 1,033,000 | 1,801,000 | 2,752,000 | 3,770,000 |
| Income tax | 29,000 | 67,000 | 108,000 | 156,000 |
| Net income | 1,004,000 | 1,734,000 | 2,644,000 | 3,614,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 32,675,000 | 32,406,000 | 32,816,000 | 33,386,000 |