Call reports 2011
SKAGIT BANK — 2011
What SKAGIT BANK reported to the FFIEC in 2011, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Total assets | 709,285,000 | 707,130,000 | 720,525,000 | 723,263,000 |
| Total loans | 358,968,000 | 353,636,000 | 355,268,000 | 353,827,000 |
| Allowance for loan losses | 7,284,000 | 6,253,000 | 5,717,000 | 5,183,000 |
| Securities available for sale | 214,516,000 | 240,701,000 | 257,679,000 | 265,388,000 |
| Securities held to maturity | 38,308,000 | 36,249,000 | 36,529,000 | 34,662,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 606,952,000 | 607,762,000 | 609,399,000 | 620,476,000 |
| Interest-bearing deposits | 527,956,000 | 527,967,000 | 526,913,000 | 528,988,000 |
| Noninterest-bearing deposits | 78,996,000 | 79,795,000 | 82,486,000 | 91,488,000 |
| Equity capital | 66,711,000 | 68,722,000 | 71,018,000 | 70,089,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Interest income | 6,354,000 | 12,924,000 | 19,454,000 | 26,114,000 |
| Interest expense | 1,257,000 | 2,410,000 | 3,489,000 | 4,410,000 |
| Net interest income | 5,097,000 | 10,514,000 | 15,965,000 | 21,704,000 |
| Noninterest income | 795,000 | 1,901,000 | 2,559,000 | 3,510,000 |
| Noninterest expense | 4,305,000 | 8,726,000 | 12,900,000 | 17,011,000 |
| Provision for loan losses | 325,000 | 479,000 | 704,000 | 1,229,000 |
| Pretax income | 1,262,000 | 3,210,000 | 4,920,000 | 6,975,000 |
| Income tax | 216,000 | 570,000 | 954,000 | 1,267,000 |
| Net income | 1,046,000 | 2,640,000 | 3,966,000 | 5,708,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Tier 1 capital | 65,217,000 | 65,545,000 | 66,431,000 | 66,320,000 |
| Total capital | 70,742,000 | 71,055,000 | 71,938,000 | 71,574,000 |
| Risk-weighted assets | 440,212,000 | 440,017,000 | 440,271,000 | 438,021,000 |