Call reports 2003
SKAGIT BANK — 2003
What SKAGIT BANK 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 | 453,294,000 | 468,232,000 | 487,263,000 | 495,267,000 |
| Total loans | 314,751,000 | 325,066,000 | 335,817,000 | 357,740,000 |
| Allowance for loan losses | 4,349,000 | 5,528,000 | 5,727,000 | 5,811,000 |
| Securities available for sale | 42,777,000 | 38,858,000 | 32,905,000 | 30,968,000 |
| Securities held to maturity | 14,019,000 | 19,784,000 | 22,709,000 | 18,881,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 393,030,000 | 409,508,000 | 424,815,000 | 434,284,000 |
| Interest-bearing deposits | 328,845,000 | 347,179,000 | 359,761,000 | 364,326,000 |
| Noninterest-bearing deposits | 64,185,000 | 62,329,000 | 65,054,000 | 69,958,000 |
| Equity capital | 52,308,000 | 51,670,000 | 53,630,000 | 54,552,000 |
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 | 5,844,000 | 11,312,000 | 18,206,000 | 23,993,000 |
| Interest expense | 1,465,000 | 2,841,000 | 4,213,000 | 5,532,000 |
| Net interest income | 4,379,000 | 8,471,000 | 13,993,000 | 18,461,000 |
| Noninterest income | 628,000 | 1,416,000 | 2,203,000 | 2,984,000 |
| Noninterest expense | 2,855,000 | 5,950,000 | 8,965,000 | 12,025,000 |
| Provision for loan losses | 260,000 | 1,499,000 | 1,827,000 | 2,096,000 |
| Pretax income | 1,892,000 | 2,438,000 | 5,404,000 | 7,324,000 |
| Income tax | 600,000 | 900,000 | 1,650,000 | 1,890,000 |
| Net income | 1,292,000 | 1,538,000 | 3,754,000 | 5,434,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 51,607,000 | 51,044,000 | 53,260,000 | 54,269,000 |
| Total capital | 55,905,000 | 55,501,000 | 57,905,000 | 59,081,000 |
| Risk-weighted assets | 343,819,000 | 355,525,000 | 370,489,000 | 383,600,000 |