Call reports 2016
SKAGIT BANK — 2016
What SKAGIT BANK reported to the FFIEC in 2016, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Total assets | 859,721,000 | 853,689,000 | 891,338,000 | 894,581,000 |
| Total loans | 465,280,000 | 475,509,000 | 493,456,000 | 524,942,000 |
| Allowance for loan losses | 5,554,000 | 5,642,000 | 5,707,000 | 5,692,000 |
| Securities available for sale | 148,373,000 | 176,325,000 | 190,811,000 | 202,088,000 |
| Securities held to maturity | 124,405,000 | 123,847,000 | 114,899,000 | 111,673,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 762,947,000 | 754,616,000 | 789,727,000 | 797,961,000 |
| Interest-bearing deposits | 612,732,000 | 606,332,000 | 617,864,000 | 626,027,000 |
| Noninterest-bearing deposits | 150,215,000 | 148,284,000 | 171,863,000 | 171,934,000 |
| Equity capital | 75,490,000 | 76,918,000 | 78,096,000 | 74,240,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Interest income | 6,802,000 | 13,760,000 | 20,785,000 | 28,239,000 |
| Interest expense | 405,000 | 812,000 | 1,204,000 | 1,574,000 |
| Net interest income | 6,397,000 | 12,948,000 | 19,581,000 | 26,665,000 |
| Noninterest income | 1,092,000 | 2,240,000 | 3,447,000 | 3,952,000 |
| Noninterest expense | 5,365,000 | 10,790,000 | 16,390,000 | 22,038,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 2,124,000 | 4,456,000 | 6,824,000 | 8,765,000 |
| Income tax | 542,000 | 1,125,000 | 1,695,000 | 2,075,000 |
| Net income | 1,582,000 | 3,331,000 | 5,129,000 | 6,690,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Tier 1 capital | 75,969,000 | 76,349,000 | 78,170,000 | 77,881,000 |
| Total capital | 81,623,000 | 82,091,000 | 83,977,000 | 83,673,000 |
| Risk-weighted assets | 554,266,000 | 576,784,000 | 592,252,000 | 627,391,000 |