Call reports 2002
BANK OF SALEM — 2002
What BANK OF SALEM reported to the FFIEC in 2002, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Total assets | 97,176,000 | 99,461,000 | 98,241,000 | 96,330,000 |
| Total loans | 77,899,000 | 79,546,000 | 77,908,000 | 77,871,000 |
| Allowance for loan losses | 1,046,000 | 1,110,000 | 1,146,000 | 1,115,000 |
| Securities available for sale | 4,119,000 | 4,752,000 | 4,967,000 | 4,610,000 |
| Securities held to maturity | 5,306,000 | 5,377,000 | 5,668,000 | 5,579,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 85,180,000 | 87,479,000 | 86,267,000 | 85,476,000 |
| Interest-bearing deposits | 74,662,000 | 76,476,000 | 75,489,000 | 75,094,000 |
| Noninterest-bearing deposits | 10,518,000 | 11,003,000 | 10,778,000 | 10,382,000 |
| Equity capital | 8,494,000 | 8,809,000 | 8,753,000 | 8,702,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Interest income | 1,718,000 | 3,443,000 | 5,165,000 | 6,830,000 |
| Interest expense | 657,000 | 1,293,000 | 1,929,000 | 2,510,000 |
| Net interest income | 1,061,000 | 2,150,000 | 3,236,000 | 4,320,000 |
| Noninterest income | 80,000 | 177,000 | 335,000 | 489,000 |
| Noninterest expense | 608,000 | 1,232,000 | 1,827,000 | 2,577,000 |
| Provision for loan losses | 60,000 | 145,000 | 359,000 | 1,089,000 |
| Pretax income | 473,000 | 950,000 | 1,385,000 | 1,143,000 |
| Income tax | 180,000 | 360,000 | 540,000 | 329,000 |
| Net income | 293,000 | 590,000 | 845,000 | 814,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Tier 1 capital | 8,335,000 | 8,768,000 | 8,705,000 | 8,674,000 |
| Total capital | 9,246,000 | 9,701,000 | 9,602,000 | 9,568,000 |
| Risk-weighted assets | 72,761,000 | 74,440,000 | 71,475,000 | 71,336,000 |