Call reports 2018
SKAGIT BANK — 2018
What SKAGIT BANK reported to the FFIEC in 2018, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2018Q1 | 2018Q2 | 2018Q3 |
|---|---|---|---|
| Total assets | 923,955,000 | 922,026,000 | 919,096,000 |
| Total loans | 569,485,000 | 598,570,000 | 603,880,000 |
| Allowance for loan losses | 5,980,000 | 6,295,000 | 6,341,000 |
| Securities available for sale | 174,922,000 | 169,064,000 | 151,555,000 |
| Securities held to maturity | 111,900,000 | 106,080,000 | 103,066,000 |
| Trading assets | 0 | 0 | 0 |
| Total deposits | 829,878,000 | 810,838,000 | 819,687,000 |
| Interest-bearing deposits | 626,618,000 | 619,898,000 | 615,958,000 |
| Noninterest-bearing deposits | 203,260,000 | 190,940,000 | 203,729,000 |
| Equity capital | 78,891,000 | 79,786,000 | 81,876,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2018Q1 | 2018Q2 | 2018Q3 |
|---|---|---|---|
| Interest income | 8,294,000 | 16,764,000 | 25,396,000 |
| Interest expense | 354,000 | 748,000 | 1,152,000 |
| Net interest income | 7,940,000 | 16,016,000 | 24,244,000 |
| Noninterest income | 1,740,000 | 3,388,000 | 5,363,000 |
| Noninterest expense | 6,303,000 | 12,643,000 | 18,978,000 |
| Provision for loan losses | 133,000 | 464,000 | 425,000 |
| Pretax income | 3,244,000 | 6,297,000 | 10,204,000 |
| Income tax | 424,000 | 809,000 | 1,534,000 |
| Net income | 2,820,000 | 5,488,000 | 8,670,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2018Q1 | 2018Q2 | 2018Q3 |
|---|---|---|---|
| Tier 1 capital | 83,377,000 | 84,430,000 | 87,183,000 |
| Total capital | 89,482,000 | 90,850,000 | 93,674,000 |
| Risk-weighted assets | 683,520,000 | 718,875,000 | 720,931,000 |