Call reports 2010
SOUND BANKING COMPANY — 2010
What SOUND BANKING COMPANY reported to the FFIEC in 2010, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Total assets | 52,708,000 | 52,467,000 | 54,044,000 | 46,929,000 |
| Total loans | 42,234,000 | 43,966,000 | 41,964,000 | 40,707,000 |
| Allowance for loan losses | 500,000 | 525,000 | 481,000 | 633,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 100,000 | 100,000 | 100,000 | 100,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 48,677,000 | 48,641,000 | 49,936,000 | 43,137,000 |
| Interest-bearing deposits | 39,117,000 | 39,427,000 | 41,679,000 | 38,837,000 |
| Noninterest-bearing deposits | 9,560,000 | 9,214,000 | 8,257,000 | 4,300,000 |
| Equity capital | 3,971,000 | 3,747,000 | 4,013,000 | 3,751,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Interest income | 727,000 | 1,449,000 | 2,171,000 | 2,873,000 |
| Interest expense | 174,000 | 348,000 | 517,000 | 665,000 |
| Net interest income | 553,000 | 1,101,000 | 1,654,000 | 2,208,000 |
| Noninterest income | 34,000 | 68,000 | 106,000 | 147,000 |
| Noninterest expense | 325,000 | 656,000 | 981,000 | 1,482,000 |
| Provision for loan losses | 0 | 25,000 | 25,000 | 381,000 |
| Pretax income | 262,000 | 488,000 | 754,000 | 492,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 262,000 | 488,000 | 754,000 | 492,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Tier 1 capital | 3,971,000 | 3,747,000 | 4,013,000 | 3,751,000 |
| Total capital | 4,446,000 | 4,245,000 | 4,491,000 | 4,213,000 |
| Risk-weighted assets | 37,943,000 | 39,833,000 | 38,277,000 | 36,820,000 |