Call reports 2020
BANK OF SALEM — 2020
What BANK OF SALEM reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 145,732,000 | 157,021,000 | 160,492,000 | 165,615,000 |
| Total loans | 120,069,000 | 119,854,000 | 117,351,000 | 117,280,000 |
| Allowance for loan losses | 2,134,000 | 2,143,000 | 2,125,000 | 2,224,000 |
| Securities available for sale | 2,112,000 | 4,777,000 | 6,531,000 | 9,707,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 128,967,000 | 140,182,000 | 143,033,000 | 147,752,000 |
| Interest-bearing deposits | 98,289,000 | 102,965,000 | 104,705,000 | 108,221,000 |
| Noninterest-bearing deposits | 30,678,000 | 37,217,000 | 38,328,000 | 39,531,000 |
| Equity capital | 16,404,000 | 16,448,000 | 17,021,000 | 17,740,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 1,990,000 | 3,988,000 | 5,957,000 | 7,860,000 |
| Interest expense | 386,000 | 748,000 | 1,078,000 | 1,377,000 |
| Net interest income | 1,604,000 | 3,240,000 | 4,879,000 | 6,483,000 |
| Noninterest income | 221,000 | 430,000 | 846,000 | 1,078,000 |
| Noninterest expense | 1,083,000 | 2,054,000 | 3,084,000 | 4,111,000 |
| Provision for loan losses | 25,000 | 60,000 | 120,000 | 220,000 |
| Pretax income | 717,000 | 1,556,000 | 2,521,000 | 3,230,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 717,000 | 1,556,000 | 2,521,000 | 3,230,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 16,441,000 | 16,429,000 | 16,995,000 | 17,704,000 |