Call reports 2017
SKAGIT BANK — 2017
What SKAGIT BANK reported to the FFIEC in 2017, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Total assets | 913,428,000 | 903,403,000 | 912,609,000 | 928,022,000 |
| Total loans | 536,243,000 | 552,468,000 | 551,781,000 | 559,298,000 |
| Allowance for loan losses | 6,023,000 | 5,738,000 | 5,807,000 | 5,872,000 |
| Securities available for sale | 192,829,000 | 186,887,000 | 181,147,000 | 193,302,000 |
| Securities held to maturity | 108,034,000 | 114,170,000 | 106,581,000 | 114,626,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 819,212,000 | 804,779,000 | 809,672,000 | 831,451,000 |
| Interest-bearing deposits | 641,079,000 | 629,000,000 | 621,157,000 | 627,348,000 |
| Noninterest-bearing deposits | 178,133,000 | 175,779,000 | 188,515,000 | 204,103,000 |
| Equity capital | 74,385,000 | 76,869,000 | 78,857,000 | 78,355,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Interest income | 7,754,000 | 15,998,000 | 24,063,000 | 32,277,000 |
| Interest expense | 362,000 | 737,000 | 1,106,000 | 1,466,000 |
| Net interest income | 7,392,000 | 15,261,000 | 22,957,000 | 30,811,000 |
| Noninterest income | 1,441,000 | 2,932,000 | 4,419,000 | 5,848,000 |
| Noninterest expense | 6,206,000 | 12,643,000 | 18,941,000 | 25,311,000 |
| Provision for loan losses | 348,000 | 348,000 | 429,000 | 575,000 |
| Pretax income | 2,279,000 | 5,202,000 | 8,002,000 | 10,769,000 |
| Income tax | 522,000 | 1,231,000 | 1,919,000 | 3,388,000 |
| Net income | 1,757,000 | 3,971,000 | 6,083,000 | 7,381,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Tier 1 capital | 77,663,000 | 78,412,000 | 80,548,000 | 80,537,000 |
| Total capital | 83,811,000 | 84,275,000 | 86,480,000 | 86,534,000 |
| Risk-weighted assets | 637,473,000 | 666,633,000 | 659,889,000 | 665,994,000 |