Call reports 2008
SKAGIT BANK — 2008
What SKAGIT BANK reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 578,637,000 | 567,663,000 | 572,579,000 | 566,444,000 |
| Total loans | 364,821,000 | 378,426,000 | 393,358,000 | 399,575,000 |
| Allowance for loan losses | 4,098,000 | 4,051,000 | 4,373,000 | 5,450,000 |
| Securities available for sale | 128,458,000 | 119,511,000 | 108,209,000 | 102,647,000 |
| Securities held to maturity | 38,714,000 | 35,821,000 | 36,181,000 | 36,518,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 498,845,000 | 486,490,000 | 467,822,000 | 470,206,000 |
| Interest-bearing deposits | 424,002,000 | 411,560,000 | 393,401,000 | 394,422,000 |
| Noninterest-bearing deposits | 74,843,000 | 74,930,000 | 74,421,000 | 75,784,000 |
| Equity capital | 60,310,000 | 58,446,000 | 59,919,000 | 61,651,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 8,544,000 | 16,503,000 | 24,561,000 | 32,290,000 |
| Interest expense | 3,028,000 | 5,689,000 | 8,037,000 | 10,154,000 |
| Net interest income | 5,516,000 | 10,814,000 | 16,524,000 | 22,136,000 |
| Noninterest income | 985,000 | 1,988,000 | 1,907,000 | 2,801,000 |
| Noninterest expense | 3,973,000 | 8,018,000 | 12,242,000 | 16,317,000 |
| Provision for loan losses | 0 | 0 | 760,000 | 2,080,000 |
| Pretax income | 2,528,000 | 4,784,000 | 5,429,000 | 6,540,000 |
| Income tax | 539,000 | 1,054,000 | 995,000 | 1,082,000 |
| Net income | 1,989,000 | 3,730,000 | 4,434,000 | 5,458,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 58,444,000 | 58,915,000 | 59,572,000 | 59,326,000 |
| Total capital | 62,542,000 | 62,966,000 | 63,945,000 | 64,776,000 |
| Risk-weighted assets | 452,259,000 | 458,394,000 | 465,053,000 | 461,265,000 |