Call reports 2004
SOUND BANKING COMPANY — 2004
What SOUND BANKING COMPANY reported to the FFIEC in 2004, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Total assets | 65,361,000 | 59,947,000 | 55,517,000 | 39,466,000 |
| Total loans | 26,148,000 | 26,452,000 | 29,432,000 | 29,434,000 |
| Allowance for loan losses | 407,000 | 430,000 | 452,000 | 475,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 3,422,000 | 3,393,000 | 3,384,000 | 3,225,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 61,103,000 | 55,809,000 | 52,023,000 | 36,173,000 |
| Interest-bearing deposits | 25,774,000 | 19,241,000 | 22,852,000 | 21,853,000 |
| Noninterest-bearing deposits | 35,329,000 | 36,568,000 | 29,171,000 | 14,320,000 |
| Equity capital | 4,159,000 | 3,963,000 | 3,235,000 | 3,081,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Interest income | 549,000 | 1,107,000 | 1,704,000 | 2,298,000 |
| Interest expense | 81,000 | 149,000 | 222,000 | 302,000 |
| Net interest income | 468,000 | 958,000 | 1,482,000 | 1,996,000 |
| Noninterest income | 49,000 | 103,000 | 138,000 | 192,000 |
| Noninterest expense | 286,000 | 591,000 | 890,000 | 1,477,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 231,000 | 470,000 | 730,000 | 711,000 |
| Income tax | 62,000 | 127,000 | 199,000 | 173,000 |
| Net income | 169,000 | 343,000 | 531,000 | 538,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Tier 1 capital | 4,159,000 | 3,963,000 | 3,235,000 | 3,081,000 |
| Total capital | 4,566,000 | 4,373,000 | 3,659,000 | 3,459,000 |
| Risk-weighted assets | 33,200,000 | 32,774,000 | 33,885,000 | 30,170,000 |