Call reports 2015
SKAGIT BANK — 2015
What SKAGIT BANK reported to the FFIEC in 2015, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Total assets | 832,234,000 | 829,841,000 | 835,800,000 | 852,188,000 |
| Total loans | 403,828,000 | 416,363,000 | 437,441,000 | 456,202,000 |
| Allowance for loan losses | 5,701,000 | 5,802,000 | 5,882,000 | 5,362,000 |
| Securities available for sale | 122,092,000 | 153,073,000 | 133,291,000 | 154,507,000 |
| Securities held to maturity | 142,427,000 | 138,411,000 | 134,126,000 | 129,705,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 739,388,000 | 735,724,000 | 738,955,000 | 755,420,000 |
| Interest-bearing deposits | 606,289,000 | 601,610,000 | 604,731,000 | 616,715,000 |
| Noninterest-bearing deposits | 133,099,000 | 134,114,000 | 134,224,000 | 138,705,000 |
| Equity capital | 72,622,000 | 72,164,000 | 73,844,000 | 73,315,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Interest income | 5,916,000 | 12,047,000 | 18,347,000 | 24,876,000 |
| Interest expense | 420,000 | 845,000 | 1,264,000 | 1,680,000 |
| Net interest income | 5,496,000 | 11,202,000 | 17,083,000 | 23,196,000 |
| Noninterest income | 1,267,000 | 2,342,000 | 3,352,000 | 4,383,000 |
| Noninterest expense | 5,069,000 | 10,014,000 | 15,154,000 | 20,291,000 |
| Provision for loan losses | -111,000 | -111,000 | -111,000 | -111,000 |
| Pretax income | 1,805,000 | 3,644,000 | 5,395,000 | 7,402,000 |
| Income tax | 462,000 | 933,000 | 1,367,000 | 1,805,000 |
| Net income | 1,343,000 | 2,711,000 | 4,028,000 | 5,597,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Tier 1 capital | 72,886,000 | 73,018,000 | 74,349,000 | 74,365,000 |
| Total capital | 78,662,000 | 78,895,000 | 80,306,000 | 79,802,000 |
| Risk-weighted assets | 490,450,000 | 514,497,000 | 529,774,000 | 547,854,000 |