Call reports 2003
BANK OF SALEM — 2003
What BANK OF SALEM reported to the FFIEC in 2003, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Total assets | 96,825,000 | 99,389,000 | 102,230,000 | 101,449,000 |
| Total loans | 77,189,000 | 76,921,000 | 78,819,000 | 78,126,000 |
| Allowance for loan losses | 1,104,000 | 1,077,000 | 1,089,000 | 1,098,000 |
| Securities available for sale | 3,485,000 | 6,233,000 | 5,472,000 | 4,829,000 |
| Securities held to maturity | 5,656,000 | 5,630,000 | 6,345,000 | 5,817,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 85,981,000 | 88,243,000 | 89,401,000 | 88,483,000 |
| Interest-bearing deposits | 75,717,000 | 77,382,000 | 78,284,000 | 77,285,000 |
| Noninterest-bearing deposits | 10,264,000 | 10,861,000 | 11,117,000 | 11,198,000 |
| Equity capital | 8,981,000 | 9,243,000 | 9,442,000 | 9,695,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Interest income | 1,566,000 | 3,107,000 | 4,634,000 | 6,195,000 |
| Interest expense | 518,000 | 1,024,000 | 1,499,000 | 1,969,000 |
| Net interest income | 1,048,000 | 2,083,000 | 3,135,000 | 4,226,000 |
| Noninterest income | 107,000 | 310,000 | 495,000 | 699,000 |
| Noninterest expense | 592,000 | 1,190,000 | 1,876,000 | 2,830,000 |
| Provision for loan losses | 115,000 | 306,000 | 381,000 | 456,000 |
| Pretax income | 448,000 | 897,000 | 1,373,000 | 1,639,000 |
| Income tax | 183,000 | 366,000 | 549,000 | 513,000 |
| Net income | 265,000 | 531,000 | 824,000 | 1,126,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 8,940,000 | 9,205,000 | 9,417,000 | 9,718,000 |
| Total capital | 9,839,000 | 10,114,000 | 10,369,000 | 10,649,000 |
| Risk-weighted assets | 71,748,000 | 72,596,000 | 76,052,000 | 74,288,000 |