Call reports 2001
SKAGIT BANK — 2001
What SKAGIT BANK reported to the FFIEC in 2001, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2001Q1 | 2001Q2 | 2001Q3 | 2001Q4 |
|---|---|---|---|---|
| Total assets | 386,487,000 | 390,308,000 | 397,632,000 | 402,021,000 |
| Total loans | 226,239,000 | 232,358,000 | 237,490,000 | 275,618,000 |
| Allowance for loan losses | 3,492,000 | 3,409,000 | 3,437,000 | 3,581,000 |
| Securities available for sale | 19,534,000 | 17,554,000 | 13,623,000 | 9,941,000 |
| Securities held to maturity | 66,223,000 | 61,346,000 | 59,247,000 | 54,895,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 329,916,000 | 332,306,000 | 338,889,000 | 346,536,000 |
| Interest-bearing deposits | 277,717,000 | 277,281,000 | 285,698,000 | 287,766,000 |
| Noninterest-bearing deposits | 52,199,000 | 55,025,000 | 53,191,000 | 58,770,000 |
| Equity capital | 48,217,000 | 48,571,000 | 49,798,000 | 50,081,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2001Q1 | 2001Q2 | 2001Q3 | 2001Q4 |
|---|---|---|---|---|
| Interest income | 7,066,000 | 13,895,000 | 20,527,000 | 26,738,000 |
| Interest expense | 3,125,000 | 6,109,000 | 8,889,000 | 11,205,000 |
| Net interest income | 3,941,000 | 7,786,000 | 11,638,000 | 15,533,000 |
| Noninterest income | 584,000 | 1,198,000 | 1,782,000 | 2,402,000 |
| Noninterest expense | 2,709,000 | 5,675,000 | 8,348,000 | 10,974,000 |
| Provision for loan losses | 242,000 | 423,000 | 691,000 | 944,000 |
| Pretax income | 1,574,000 | 2,886,000 | 4,381,000 | 6,017,000 |
| Income tax | 660,000 | 880,000 | 1,040,000 | 1,390,000 |
| Net income | 914,000 | 2,006,000 | 3,341,000 | 4,627,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2001Q1 | 2001Q2 | 2001Q3 | 2001Q4 |
|---|---|---|---|---|
| Tier 1 capital | 48,037,000 | 48,382,000 | 49,547,000 | 49,867,000 |
| Total capital | 51,436,000 | 51,791,000 | 52,984,000 | 53,448,000 |
| Risk-weighted assets | 271,835,000 | 272,989,000 | 278,703,000 | 307,656,000 |