Call reports 2008
BANK OF SALEM — 2008
What BANK OF SALEM reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 125,314,000 | 128,276,000 | 124,976,000 | 125,724,000 |
| Total loans | 103,704,000 | 103,109,000 | 102,541,000 | 105,975,000 |
| Allowance for loan losses | 1,528,000 | 1,470,000 | 1,548,000 | 1,361,000 |
| Securities available for sale | 4,744,000 | 4,196,000 | 3,689,000 | 4,078,000 |
| Securities held to maturity | 1,113,000 | 1,094,000 | 994,000 | 924,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 105,537,000 | 103,512,000 | 100,720,000 | 101,488,000 |
| Interest-bearing deposits | 91,602,000 | 87,637,000 | 85,451,000 | 86,005,000 |
| Noninterest-bearing deposits | 13,935,000 | 15,875,000 | 15,269,000 | 15,483,000 |
| Equity capital | 12,538,000 | 12,951,000 | 12,646,000 | 12,650,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 2,316,000 | 4,545,000 | 6,712,000 | 8,842,000 |
| Interest expense | 943,000 | 1,774,000 | 2,570,000 | 3,319,000 |
| Net interest income | 1,373,000 | 2,771,000 | 4,142,000 | 5,523,000 |
| Noninterest income | 234,000 | 496,000 | 758,000 | 1,003,000 |
| Noninterest expense | 845,000 | 1,772,000 | 2,627,000 | 3,731,000 |
| Provision for loan losses | 250,000 | 374,000 | 509,000 | 509,000 |
| Pretax income | 534,000 | 1,143,000 | 1,786,000 | 2,308,000 |
| Income tax | 200,000 | 494,000 | 739,000 | 1,128,000 |
| Net income | 334,000 | 649,000 | 1,047,000 | 1,180,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 12,505,000 | 12,945,000 | 12,642,000 | 12,627,000 |
| Total capital | 12,505,000 | 14,144,000 | 13,825,000 | 13,858,000 |
| Risk-weighted assets | 93,701,000 | 98,828,000 | 95,718,000 | 98,379,000 |