Call reports 2006
SKAGIT BANK — 2006
What SKAGIT BANK reported to the FFIEC in 2006, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Total assets | 526,635,000 | 510,956,000 | 517,340,000 | 532,798,000 |
| Total loans | 298,557,000 | 303,605,000 | 312,696,000 | 325,722,000 |
| Allowance for loan losses | 5,354,000 | 4,821,000 | 4,712,000 | 5,176,000 |
| Securities available for sale | 96,989,000 | 95,625,000 | 96,251,000 | 113,941,000 |
| Securities held to maturity | 29,619,000 | 32,118,000 | 33,578,000 | 35,034,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 445,224,000 | 435,060,000 | 436,992,000 | 450,695,000 |
| Interest-bearing deposits | 369,121,000 | 359,099,000 | 360,052,000 | 368,093,000 |
| Noninterest-bearing deposits | 76,103,000 | 75,961,000 | 76,940,000 | 82,602,000 |
| Equity capital | 67,208,000 | 63,005,000 | 65,236,000 | 66,296,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Interest income | 8,112,000 | 16,188,000 | 24,735,000 | 33,454,000 |
| Interest expense | 2,236,000 | 4,636,000 | 7,211,000 | 10,022,000 |
| Net interest income | 5,876,000 | 11,552,000 | 17,524,000 | 23,432,000 |
| Noninterest income | 649,000 | 1,384,000 | 2,105,000 | 2,997,000 |
| Noninterest expense | 3,484,000 | 7,012,000 | 10,763,000 | 14,412,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 3,041,000 | 5,924,000 | 8,881,000 | 12,032,000 |
| Income tax | 870,000 | 1,625,000 | 2,395,000 | 3,205,000 |
| Net income | 2,171,000 | 4,299,000 | 6,486,000 | 8,827,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Tier 1 capital | 67,667,000 | 63,859,000 | 65,671,000 | 66,565,000 |
| Total capital | 72,088,000 | 68,315,000 | 70,383,000 | 71,548,000 |
| Risk-weighted assets | 352,709,000 | 356,139,000 | 384,046,000 | 398,469,000 |