Call reports 2002
SKAGIT BANK — 2002
What SKAGIT BANK 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 | 416,111,000 | 419,797,000 | 444,825,000 | 455,873,000 |
| Total loans | 279,981,000 | 287,493,000 | 295,719,000 | 312,049,000 |
| Allowance for loan losses | 3,796,000 | 3,990,000 | 4,142,000 | 4,147,000 |
| Securities available for sale | 54,887,000 | 49,042,000 | 46,362,000 | 43,172,000 |
| Securities held to maturity | 9,585,000 | 9,836,000 | 11,426,000 | 12,222,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 356,375,000 | 361,151,000 | 385,899,000 | 396,612,000 |
| Interest-bearing deposits | 302,139,000 | 304,782,000 | 321,107,000 | 329,382,000 |
| Noninterest-bearing deposits | 54,236,000 | 56,369,000 | 64,792,000 | 67,230,000 |
| Equity capital | 51,083,000 | 51,234,000 | 52,712,000 | 53,363,000 |
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 | 5,880,000 | 11,993,000 | 18,349,000 | 24,560,000 |
| Interest expense | 1,919,000 | 3,902,000 | 5,911,000 | 7,709,000 |
| Net interest income | 3,961,000 | 8,091,000 | 12,438,000 | 16,851,000 |
| Noninterest income | 581,000 | 1,217,000 | 1,837,000 | 2,501,000 |
| Noninterest expense | 2,787,000 | 5,670,000 | 8,450,000 | 11,274,000 |
| Provision for loan losses | 332,000 | 721,000 | 927,000 | 1,082,000 |
| Pretax income | 1,423,000 | 2,917,000 | 4,898,000 | 6,996,000 |
| Income tax | 510,000 | 1,020,000 | 1,530,000 | 2,121,000 |
| Net income | 913,000 | 1,897,000 | 3,368,000 | 4,875,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Tier 1 capital | 50,338,000 | 50,412,000 | 51,744,000 | 52,532,000 |
| Total capital | 54,134,000 | 54,323,000 | 55,810,000 | 56,679,000 |
| Risk-weighted assets | 311,049,000 | 312,770,000 | 325,218,000 | 339,400,000 |