Call reports 2003
SOUND BANKING COMPANY — 2003
What SOUND BANKING COMPANY reported to the FFIEC in 2003, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Total assets | 83,081,000 | 89,330,000 | 61,993,000 | 54,918,000 |
| Total loans | 23,291,000 | 25,170,000 | 23,176,000 | 23,262,000 |
| Allowance for loan losses | 341,000 | 358,000 | 374,000 | 391,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 3,764,000 | 3,663,000 | 3,691,000 | 3,681,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 78,932,000 | 85,312,000 | 57,723,000 | 50,734,000 |
| Interest-bearing deposits | 21,417,000 | 19,982,000 | 21,108,000 | 25,032,000 |
| Noninterest-bearing deposits | 57,515,000 | 65,330,000 | 36,615,000 | 25,702,000 |
| Equity capital | 4,069,000 | 3,868,000 | 4,043,000 | 3,991,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Interest income | 595,000 | 1,207,000 | 1,794,000 | 2,335,000 |
| Interest expense | 115,000 | 212,000 | 296,000 | 375,000 |
| Net interest income | 480,000 | 995,000 | 1,498,000 | 1,960,000 |
| Noninterest income | 49,000 | 101,000 | 146,000 | 198,000 |
| Noninterest expense | 339,000 | 673,000 | 981,000 | 1,458,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 190,000 | 423,000 | 663,000 | 700,000 |
| Income tax | 50,000 | 113,000 | 178,000 | 168,000 |
| Net income | 140,000 | 310,000 | 485,000 | 532,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 4,069,000 | 3,868,000 | 4,043,000 | 3,991,000 |
| Total capital | 4,410,000 | 4,226,000 | 4,417,000 | 4,347,000 |
| Risk-weighted assets | 34,255,000 | 36,309,000 | 30,680,000 | 28,423,000 |