Call reports 2013
SKAGIT BANK — 2013
What SKAGIT BANK reported to the FFIEC in 2013, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Total assets | 773,573,000 | 758,746,000 | 781,570,000 | 782,526,000 |
| Total loans | 347,308,000 | 355,436,000 | 369,276,000 | 371,440,000 |
| Allowance for loan losses | 5,695,000 | 5,815,000 | 5,910,000 | 5,410,000 |
| Securities available for sale | 270,994,000 | 261,892,000 | 270,890,000 | 124,694,000 |
| Securities held to maturity | 27,317,000 | 26,830,000 | 29,789,000 | 164,541,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 679,463,000 | 666,659,000 | 689,151,000 | 694,163,000 |
| Interest-bearing deposits | 569,008,000 | 559,041,000 | 575,818,000 | 577,812,000 |
| Noninterest-bearing deposits | 110,455,000 | 107,618,000 | 113,333,000 | 116,351,000 |
| Equity capital | 71,470,000 | 68,346,000 | 66,926,000 | 68,052,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Interest income | 5,803,000 | 11,582,000 | 17,870,000 | 24,105,000 |
| Interest expense | 603,000 | 1,132,000 | 1,637,000 | 2,129,000 |
| Net interest income | 5,200,000 | 10,450,000 | 16,233,000 | 21,976,000 |
| Noninterest income | 1,084,000 | 2,269,000 | 3,236,000 | 4,346,000 |
| Noninterest expense | 4,225,000 | 8,636,000 | 12,832,000 | 17,540,000 |
| Provision for loan losses | 150,000 | 300,000 | 450,000 | 0 |
| Pretax income | 1,909,000 | 3,783,000 | 6,187,000 | 8,782,000 |
| Income tax | 432,000 | 853,000 | 1,452,000 | 2,077,000 |
| Net income | 1,477,000 | 2,930,000 | 4,735,000 | 6,705,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Tier 1 capital | 68,218,000 | 68,456,000 | 68,229,000 | 68,692,000 |
| Total capital | 73,670,000 | 73,977,000 | 73,935,000 | 74,177,000 |
| Risk-weighted assets | 435,842,000 | 441,287,000 | 456,235,000 | 452,695,000 |