Call reports 2009
SKAGIT BANK — 2009
What SKAGIT BANK reported to the FFIEC in 2009, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Total assets | 571,792,000 | 585,802,000 | 599,686,000 | 647,940,000 |
| Total loans | 389,106,000 | 390,933,000 | 382,814,000 | 394,106,000 |
| Allowance for loan losses | 5,637,000 | 5,629,000 | 5,798,000 | 6,883,000 |
| Securities available for sale | 100,263,000 | 98,423,000 | 109,145,000 | 118,561,000 |
| Securities held to maturity | 37,471,000 | 36,407,000 | 40,011,000 | 40,298,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 492,316,000 | 505,086,000 | 519,164,000 | 546,188,000 |
| Interest-bearing deposits | 419,844,000 | 439,585,000 | 454,217,000 | 471,597,000 |
| Noninterest-bearing deposits | 72,472,000 | 65,501,000 | 64,947,000 | 74,591,000 |
| Equity capital | 62,989,000 | 61,963,000 | 63,224,000 | 62,640,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Interest income | 7,319,000 | 14,447,000 | 21,619,000 | 28,784,000 |
| Interest expense | 1,826,000 | 3,636,000 | 5,445,000 | 7,191,000 |
| Net interest income | 5,493,000 | 10,811,000 | 16,174,000 | 21,593,000 |
| Noninterest income | 902,000 | 1,519,000 | 1,981,000 | 2,673,000 |
| Noninterest expense | 4,438,000 | 8,911,000 | 12,989,000 | 16,991,000 |
| Provision for loan losses | 450,000 | 900,000 | 2,220,000 | 3,595,000 |
| Pretax income | 1,507,000 | 2,519,000 | 2,946,000 | 3,680,000 |
| Income tax | 231,000 | 311,000 | 371,000 | 136,000 |
| Net income | 1,276,000 | 2,208,000 | 2,575,000 | 3,544,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Tier 1 capital | 60,566,000 | 60,138,000 | 60,569,000 | 60,768,000 |
| Total capital | 66,203,000 | 65,767,000 | 66,162,000 | 66,563,000 |
| Risk-weighted assets | 453,063,000 | 452,639,000 | 447,211,000 | 462,522,000 |