Call reports 2007
SKAGIT BANK — 2007
What SKAGIT BANK reported to the FFIEC in 2007, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Total assets | 551,051,000 | 557,585,000 | 577,173,000 | 592,594,000 |
| Total loans | 323,540,000 | 339,745,000 | 348,279,000 | 355,198,000 |
| Allowance for loan losses | 5,018,000 | 4,866,000 | 4,805,000 | 4,535,000 |
| Securities available for sale | 100,489,000 | 114,448,000 | 119,008,000 | 126,953,000 |
| Securities held to maturity | 35,331,000 | 37,315,000 | 38,667,000 | 39,926,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 466,016,000 | 470,322,000 | 487,646,000 | 502,305,000 |
| Interest-bearing deposits | 391,423,000 | 397,113,000 | 414,857,000 | 422,463,000 |
| Noninterest-bearing deposits | 74,593,000 | 73,209,000 | 72,789,000 | 79,843,000 |
| Equity capital | 68,939,000 | 67,907,000 | 70,864,000 | 72,513,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Interest income | 9,206,000 | 18,185,000 | 27,409,000 | 36,946,000 |
| Interest expense | 2,980,000 | 6,267,000 | 9,773,000 | 13,164,000 |
| Net interest income | 6,226,000 | 11,918,000 | 17,636,000 | 23,782,000 |
| Noninterest income | 731,000 | 1,560,000 | 2,567,000 | 3,583,000 |
| Noninterest expense | 3,863,000 | 7,843,000 | 11,849,000 | 15,957,000 |
| Provision for loan losses | -150,000 | -150,000 | -150,000 | -150,000 |
| Pretax income | 3,244,000 | 5,785,000 | 8,504,000 | 11,558,000 |
| Income tax | 790,000 | 1,380,000 | 2,000,000 | 2,710,000 |
| Net income | 2,454,000 | 4,405,000 | 6,504,000 | 8,848,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Tier 1 capital | 69,056,000 | 68,821,000 | 70,953,000 | 71,819,000 |
| Total capital | 73,982,000 | 73,687,000 | 75,758,000 | 76,354,000 |
| Risk-weighted assets | 393,998,000 | 424,425,000 | 438,703,000 | 442,592,000 |