Call reports 2004
SKAGIT BANK — 2004
What SKAGIT BANK reported to the FFIEC in 2004, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Total assets | 491,145,000 | 475,979,000 | 488,263,000 | 480,972,000 |
| Total loans | 361,297,000 | 361,589,000 | 367,180,000 | 357,579,000 |
| Allowance for loan losses | 6,320,000 | 6,152,000 | 6,185,000 | 5,830,000 |
| Securities available for sale | 28,017,000 | 32,101,000 | 31,461,000 | 33,649,000 |
| Securities held to maturity | 19,045,000 | 18,892,000 | 22,904,000 | 27,153,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 428,985,000 | 412,254,000 | 423,212,000 | 415,637,000 |
| Interest-bearing deposits | 360,590,000 | 343,886,000 | 353,198,000 | 340,957,000 |
| Noninterest-bearing deposits | 68,395,000 | 68,368,000 | 70,014,000 | 74,680,000 |
| Equity capital | 55,867,000 | 56,158,000 | 58,014,000 | 58,732,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Interest income | 6,039,000 | 11,889,000 | 18,140,000 | 24,789,000 |
| Interest expense | 1,182,000 | 2,300,000 | 3,384,000 | 4,504,000 |
| Net interest income | 4,857,000 | 9,589,000 | 14,756,000 | 20,285,000 |
| Noninterest income | 744,000 | 1,628,000 | 2,344,000 | 3,064,000 |
| Noninterest expense | 3,068,000 | 6,509,000 | 9,808,000 | 13,321,000 |
| Provision for loan losses | 640,000 | 949,000 | 1,112,000 | 1,782,000 |
| Pretax income | 1,893,000 | 3,759,000 | 6,180,000 | 8,246,000 |
| Income tax | 610,000 | 1,130,000 | 1,825,000 | 2,345,000 |
| Net income | 1,283,000 | 2,629,000 | 4,355,000 | 5,901,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Tier 1 capital | 55,552,000 | 56,190,000 | 57,916,000 | 58,755,000 |
| Total capital | 60,444,000 | 61,060,000 | 62,815,000 | 63,574,000 |
| Risk-weighted assets | 389,900,000 | 388,340,000 | 390,672,000 | 384,492,000 |