Call reports 2005
SKAGIT BANK — 2005
What SKAGIT BANK reported to the FFIEC in 2005, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2005Q1 | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|---|
| Total assets | 486,907,000 | 486,154,000 | 498,129,000 | 521,935,000 |
| Total loans | 347,893,000 | 310,356,000 | 304,550,000 | 300,597,000 |
| Allowance for loan losses | 6,131,000 | 5,972,000 | 5,543,000 | 5,178,000 |
| Securities available for sale | 36,528,000 | 41,808,000 | 60,694,000 | 69,853,000 |
| Securities held to maturity | 29,427,000 | 29,929,000 | 30,035,000 | 29,196,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 418,988,000 | 416,281,000 | 425,766,000 | 444,086,000 |
| Interest-bearing deposits | 346,864,000 | 347,043,000 | 353,377,000 | 366,193,000 |
| Noninterest-bearing deposits | 72,124,000 | 69,238,000 | 72,389,000 | 77,893,000 |
| Equity capital | 60,501,000 | 61,888,000 | 64,301,000 | 65,373,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2005Q1 | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|---|
| Interest income | 6,861,000 | 13,955,000 | 21,150,000 | 29,116,000 |
| Interest expense | 1,251,000 | 2,678,000 | 4,336,000 | 6,425,000 |
| Net interest income | 5,610,000 | 11,277,000 | 16,814,000 | 22,691,000 |
| Noninterest income | 669,000 | 1,390,000 | 2,368,000 | 3,082,000 |
| Noninterest expense | 3,330,000 | 6,924,000 | 10,452,000 | 14,182,000 |
| Provision for loan losses | 302,000 | 350,000 | -50,000 | -50,000 |
| Pretax income | 2,647,000 | 5,393,000 | 8,780,000 | 11,641,000 |
| Income tax | 730,000 | 1,360,000 | 2,280,000 | 3,110,000 |
| Net income | 1,917,000 | 4,033,000 | 6,500,000 | 8,531,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2005Q1 | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|---|
| Tier 1 capital | 60,673,000 | 62,010,000 | 64,491,000 | 65,743,000 |
| Total capital | 65,448,000 | 66,436,000 | 68,872,000 | 70,268,000 |
| Risk-weighted assets | 380,675,000 | 352,508,000 | 349,321,000 | 361,351,000 |