Call reports 2010
SKAGIT BANK — 2010
What SKAGIT BANK reported to the FFIEC in 2010, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Total assets | 669,332,000 | 679,644,000 | 680,310,000 | 692,925,000 |
| Total loans | 390,118,000 | 383,516,000 | 385,109,000 | 365,397,000 |
| Allowance for loan losses | 7,280,000 | 7,392,000 | 7,498,000 | 7,079,000 |
| Securities available for sale | 115,727,000 | 147,729,000 | 149,914,000 | 180,971,000 |
| Securities held to maturity | 40,725,000 | 39,862,000 | 39,813,000 | 38,367,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 568,560,000 | 577,612,000 | 577,152,000 | 591,761,000 |
| Interest-bearing deposits | 496,099,000 | 504,396,000 | 501,891,000 | 511,782,000 |
| Noninterest-bearing deposits | 72,461,000 | 73,216,000 | 75,261,000 | 79,979,000 |
| Equity capital | 64,430,000 | 65,589,000 | 67,255,000 | 65,750,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Interest income | 7,005,000 | 14,201,000 | 21,168,000 | 28,123,000 |
| Interest expense | 1,606,000 | 3,148,000 | 4,616,000 | 5,993,000 |
| Net interest income | 5,399,000 | 11,053,000 | 16,552,000 | 22,130,000 |
| Noninterest income | 905,000 | 1,698,000 | 2,570,000 | 3,566,000 |
| Noninterest expense | 4,229,000 | 8,610,000 | 12,847,000 | 17,071,000 |
| Provision for loan losses | 550,000 | 920,000 | 1,310,000 | 1,700,000 |
| Pretax income | 1,525,000 | 3,221,000 | 4,965,000 | 6,925,000 |
| Income tax | 251,000 | 561,000 | 884,000 | 1,266,000 |
| Net income | 1,274,000 | 2,660,000 | 4,081,000 | 5,659,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Tier 1 capital | 62,006,000 | 62,340,000 | 63,825,000 | 64,111,000 |
| Total capital | 67,618,000 | 68,011,000 | 69,471,000 | 69,658,000 |
| Risk-weighted assets | 447,302,000 | 451,955,000 | 449,855,000 | 442,221,000 |