Call reports 2014
SKAGIT BANK — 2014
What SKAGIT BANK reported to the FFIEC in 2014, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Total assets | 790,873,000 | 782,009,000 | 784,881,000 | 810,491,000 |
| Total loans | 372,596,000 | 379,482,000 | 394,134,000 | 402,758,000 |
| Allowance for loan losses | 5,433,000 | 5,425,000 | 5,581,000 | 5,642,000 |
| Securities available for sale | 105,296,000 | 106,381,000 | 100,507,000 | 82,016,000 |
| Securities held to maturity | 159,671,000 | 154,671,000 | 149,662,000 | 146,324,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 703,310,000 | 686,204,000 | 688,233,000 | 714,167,000 |
| Interest-bearing deposits | 584,992,000 | 570,731,000 | 573,448,000 | 592,878,000 |
| Noninterest-bearing deposits | 118,318,000 | 115,473,000 | 114,785,000 | 121,289,000 |
| Equity capital | 69,595,000 | 70,067,000 | 71,315,000 | 71,298,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Interest income | 5,783,000 | 11,837,000 | 17,893,000 | 23,928,000 |
| Interest expense | 455,000 | 911,000 | 1,354,000 | 1,789,000 |
| Net interest income | 5,328,000 | 10,926,000 | 16,539,000 | 22,139,000 |
| Noninterest income | 1,337,000 | 2,594,000 | 3,868,000 | 4,958,000 |
| Noninterest expense | 4,702,000 | 9,495,000 | 14,338,000 | 19,248,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 1,963,000 | 4,025,000 | 6,069,000 | 7,849,000 |
| Income tax | 481,000 | 997,000 | 1,519,000 | 1,889,000 |
| Net income | 1,482,000 | 3,028,000 | 4,550,000 | 5,960,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Tier 1 capital | 70,187,000 | 70,494,000 | 71,833,000 | 71,729,000 |
| Total capital | 75,695,000 | 75,994,000 | 77,489,000 | 77,446,000 |
| Risk-weighted assets | 450,541,000 | 457,652,000 | 474,610,000 | 480,029,000 |